Brookfield Property Partners (NASDAQ:BPYPN) Shares Down 0.2% – Here’s What Happened

Brookfield Property Partners L.P. (NASDAQ:BPYPN) shares were down 0.2% on Monday . The company traded as low as $13.60 and last traded at $13.60. Approximately 12,536 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 18,012 shares. The stock had previously closed at $13.63.

Brookfield Property Partners Price Performance

The business’s 50 day moving average is $13.84 and its two-hundred day moving average is $13.70.

Brookfield Property Partners 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 paid a $0.3594 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.44 annualized dividend and a yield of 10.6%.

About Brookfield Property Partners

Brookfield Property Partners L.P. (NASDAQ: BPYPN) is a global commercial real estate partnership sponsored by Brookfield Asset Management. The company acquires, develops and manages a diversified portfolio of income-generating property assets across the office, retail, multifamily residential, industrial logistics, hospitality and self-storage sectors. By leveraging Brookfield’s integrated platform, the partnership seeks to create value through active asset management, selective development and opportunistic acquisitions.

Originally launched in late 2013 as a spin-out of Brookfield’s property platform, the partnership combined Brookfield Office Properties and Brookfield Retail Properties into a single publicly traded vehicle.