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

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

BFC Capital Trust II PFD TR 7.20% Stock Down 1.8%

NASDAQ:BANFP opened at $26.55 on Friday. The stock’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 52-week low of $25.50 and a 52-week 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.