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

BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) announced a quarterly dividend on Monday, September 21st. Shareholders 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 yield of 6.6%. The ex-dividend date of this dividend is Wednesday, September 30th.

BFC Capital Trust II PFD TR 7.20% Trading Up 2.2%

Shares of BANFP stock opened at $27.46 on Monday. BFC Capital Trust II PFD TR 7.20% has a twelve month low of $25.50 and a twelve month high of $29.75. The stock has a fifty day simple moving average of $27.33 and a two-hundred 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.