Franklin BSP Realty Trust, Inc. (NYSE:FBRT – Get Free Report) announced a quarterly dividend on Monday, September 16th, NASDAQ reports. Stockholders of record on Monday, September 30th will be paid a dividend of 0.355 per share on Thursday, October 10th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 10.57%. The ex-dividend date is Monday, September 30th.
Franklin BSP Realty Trust has a payout ratio of 84.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Franklin BSP Realty Trust to earn $1.59 per share next year, which means the company should continue to be able to cover its $1.42 annual dividend with an expected future payout ratio of 89.3%.
Franklin BSP Realty Trust Price Performance
FBRT opened at $13.44 on Friday. The stock has a market cap of $1.10 billion, a P/E ratio of 10.18 and a beta of 1.42. The company has a quick ratio of 89.36, a current ratio of 89.36 and a debt-to-equity ratio of 3.54. The company has a fifty day simple moving average of $13.18 and a 200 day simple moving average of $12.96. Franklin BSP Realty Trust has a 12 month low of $11.99 and a 12 month high of $14.66.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Analysis on FBRT
About Franklin BSP Realty Trust
Benefit Street Partners operates as a self-managed real estate investment trust (REIT). BSP earns income from investing in a leveraged portfolio of residential mortgage pass-through securities consisting almost exclusively of adjustable-rate mortgage (ARM) securities issued and guaranteed by government-sponsored enterprises, either Federal National Mortgage Association (Fannie Mae) or Federal Home Loan Mortgage Corporation (Freddie Mac) (together, the government-sponsored enterprises (GSEs)), or by an agency of the federal government, Government National Mortgage Association (Ginnie Mae).
See Also
- Five stocks we like better than Franklin BSP Realty Trust
- What is a Stock Market Index and How Do You Use Them?
- CarMax’s Impressive Rally: What Investors Should Watch Next
- NYSE Stocks Give Investors a Variety of Quality Options
- MarketBeat Week in Review – 9/23 – 9/27
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- Wake Up to This Biotech Stock That Still Has Big Potential Upside
Receive News & Ratings for Franklin BSP Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin BSP Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.