BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) Trading 0% Higher – Here’s What Happened

BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP)’s stock price traded up 0% during mid-day trading on Friday . The company traded as high as $26.40 and last traded at $26.2050. 1,706 shares changed hands during trading, an increase of 67% from the average session volume of 1,021 shares. The stock had previously closed at $26.20.

BFC Capital Trust II PFD TR 7.20% Stock Up 0.0%

The stock has a 50 day simple moving average of $26.20 and a two-hundred day simple moving average of $26.10.

BFC Capital Trust II PFD TR 7.20% Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a $0.45 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $1.80 annualized dividend and a yield of 6.9%.

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.