Franklin BSP Realty Trust, Inc. (NYSE:FBRT – Get Free Report) announced a quarterly dividend on Thursday, September 10th. Stockholders of record on Wednesday, September 30th will be paid a dividend of 0.20 per share on Tuesday, October 13th. This represents a c) dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date of this dividend is Wednesday, September 30th.
Franklin BSP Realty Trust has decreased its dividend payment by an average of 0.0%annually over the last three years. Franklin BSP Realty Trust has a payout ratio of 58.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Franklin BSP Realty Trust to earn $0.99 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 80.8%.
Franklin BSP Realty Trust Trading Up 2.0%
NYSE FBRT opened at $7.83 on Friday. The company has a 50-day moving average of $8.04 and a 200-day moving average of $8.49. The company has a debt-to-equity ratio of 3.47, a current ratio of 96.80 and a quick ratio of 96.80. Franklin BSP Realty Trust has a 12 month low of $7.34 and a 12 month high of $11.53. The company has a market cap of $650.66 million, a P/E ratio of 17.81 and a beta of 0.93.
About Franklin BSP Realty Trust
Franklin BSP Realty Trust, Inc (NYSE: FBRT) is a publicly traded real estate investment trust sponsored by an affiliate of Franklin Square Capital Partners. The company focuses on acquiring, owning and managing single-tenant net leased commercial properties across the United States. Its portfolio spans retail, office, industrial and other property types, with leases structured to shift most property‐level responsibilities—such as maintenance, property taxes and insurance—to the tenants.
By concentrating on net lease investments, Franklin BSP Realty Trust aims to generate stable and predictable rental income streams.
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