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) announced a quarterly dividend on Thursday, May 28th. Investors of record on Tuesday, June 30th will be given a dividend of 0.45 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date is Tuesday, June 30th.

BFC Capital Trust II PFD TR 7.20% Stock Performance

BANFP opened at $26.55 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 $27.06. The company’s 50-day moving average is $26.44 and its 200 day moving average is $26.28.

Institutional Trading of BFC Capital Trust II PFD TR 7.20%

A hedge fund recently bought a new position in BFC Capital Trust II PFD TR 7.20% stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,586 shares of the company’s stock, valued at approximately $42,000.

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.