BFC Capital Trust II PFD TR 7.20% (BANFP) To Go Ex-Dividend on June 30th

BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) announced a quarterly dividend on Thursday, May 28th. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.45 per share on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend is Tuesday, June 30th.

BFC Capital Trust II PFD TR 7.20% Price Performance

BANFP opened at $26.55 on Friday. The company’s 50 day simple moving average is $26.44 and its 200 day simple moving average is $26.28. BFC Capital Trust II PFD TR 7.20% has a 1 year low of $25.50 and a 1 year high of $27.06.

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.