Brookfield Property Preferred L.P. (NASDAQ:BPYPM – Get Free Report) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Tuesday, September 1st will be paid a dividend of 0.3906 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 9.7%. The ex-dividend date of this dividend is Tuesday, September 1st.
Brookfield Property Preferred Stock Performance
BPYPM stock traded up $0.25 during midday trading on Thursday, hitting $16.12. 15,318 shares of the company’s stock were exchanged, compared to its average volume of 23,624. Brookfield Property Preferred has a one year low of $15.00 and a one year high of $17.90. The stock’s fifty day moving average price is $16.23 and its 200-day moving average price is $16.28.
About Brookfield Property Preferred
Brookfield Property Preferred (NASDAQ:BPYPM) represents the Series M cumulative redeemable preferred units of Brookfield Property Partners L.P., a publicly traded real estate investment platform and subsidiary of Brookfield Asset Management. These preferred units confer a fixed quarterly dividend and hold priority over common equity distributions, offering investors a stable income profile backed by a diversified real estate portfolio.
Brookfield Property Partners acquires, develops, manages and renovates commercial real estate assets across a range of sectors, including office, retail, multifamily, industrial logistics, hospitality and data centers.
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