Brookfield Property Preferred L.P. (NASDAQ:BPYPM – Get Free Report) rose 0.4% during trading on Tuesday . The stock traded as high as $17.39 and last traded at $17.35. Approximately 6,626 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 23,300 shares. The stock had previously closed at $17.28.
Brookfield Property Preferred Stock Up 0.4%
The firm’s 50-day simple moving average is $16.58 and its 200 day simple moving average is $16.03.
Brookfield Property Preferred Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 1st will be given a $0.3906 dividend. The ex-dividend date is Monday, June 1st. This represents a $1.56 annualized dividend and a yield of 9.0%.
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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