Shares of Brookfield Property Preferred L.P. (NASDAQ:BPYPM – Get Free Report) rose 0.8% during mid-day trading on Friday . The company traded as high as $18.11 and last traded at $17.90. Approximately 23,942 shares traded hands during trading, a decline of 55% from the average daily volume of 52,817 shares. The stock had previously closed at $17.76.
Brookfield Property Preferred Stock Up 0.8 %
The firm has a fifty day moving average price of $15.91 and a 200 day moving average price of $15.00.
Brookfield Property Preferred Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 3rd will be issued a $0.3906 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 8.73%. The ex-dividend date of this dividend is Tuesday, September 3rd.
About Brookfield Property Preferred
Brookfield Property Partners LP invests in real estate. The Company owns, operates and invests in commercial properties. Brookfield Property Partners focuses on properties located in North America, Europe, Australia and Brazil.
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