BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP – Get Free Report) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 689 shares, a decline of 53.5% from the April 15th total of 1,483 shares. Based on an average daily volume of 265 shares, the days-to-cover ratio is currently 2.6 days.
BFC Capital Trust II PFD TR 7.20% Price Performance
NASDAQ:BANFP traded down $0.09 on Friday, reaching $26.13. The company’s stock had a trading volume of 125 shares, compared to its average volume of 700. BFC Capital Trust II PFD TR 7.20% has a 12-month low of $25.50 and a 12-month high of $26.50. The stock has a 50 day moving average price of $26.28 and a 200 day moving average price of $26.23.
BFC Capital Trust II PFD TR 7.20% Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a $0.45 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $1.80 dividend on an annualized basis and a yield of 6.9%.
Institutional Investors Weigh In On BFC Capital Trust II PFD TR 7.20%
BFC Capital Trust II is a Delaware statutory trust formed by BFC Financial Corporation to issue and manage its 7.20% cumulative redeemable trust preferred securities. The trust’s sole assets consist of junior subordinated debentures issued by BFC Financial Corporation, which were acquired using the net proceeds from the preferred securities offering. The securities trade on the Nasdaq under the ticker symbol BANFP.
The trust’s primary activity is the administration of these fixed-rate trust preferred securities.
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