BFC Capital Trust II PFD TR 7.20% (BANFP) to Issue Quarterly Dividend of $0.45 on October 15th

BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) announced a quarterly dividend on Monday, September 21st. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.45 per share on Thursday, October 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date is Wednesday, September 30th.

BFC Capital Trust II PFD TR 7.20% Stock Performance

Shares of BANFP opened at $27.46 on Monday. BFC Capital Trust II PFD TR 7.20% has a 12 month low of $25.50 and a 12 month high of $29.75. The firm has a fifty day simple moving average of $27.33 and a 200 day simple moving average of $26.69.

BFC Capital Trust II is a statutory business trust associated with BancFirst Corporation, a bank holding company headquartered in Oklahoma City, Oklahoma. The trust was established to issue trust preferred securities, including its 7.20% trust preferred securities traded under the symbol BANFP on the Nasdaq Stock Market.

Unlike an operating company, BFC Capital Trust II does not provide banking, lending, investment, or other customer services. Its principal activity is holding junior subordinated debt issued by its corporate sponsor and using the related interest payments to support distributions on the trust preferred securities.

BancFirst Corporation operates through BancFirst, which provides commercial and retail banking, mortgage lending, trust and wealth-management services, and related financial products through locations primarily serving Oklahoma communities.