BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) to Issue $0.45 Quarterly Dividend

BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) declared a quarterly dividend on Friday, February 27th. Stockholders of record on Tuesday, March 31st will be paid a dividend of 0.45 per share on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Tuesday, March 31st.

BFC Capital Trust II PFD TR 7.20% Stock Down 0.2%

Shares of NASDAQ:BANFP opened at $26.25 on Friday. BFC Capital Trust II PFD TR 7.20% has a fifty-two week low of $25.50 and a fifty-two week high of $26.75. The firm’s 50 day moving average price is $26.19 and its 200 day moving average price is $26.18.

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.