BPYPO sets a $0.3985 per share dividend for Q3, yielding 10.47% based on current prices.
Brookfield Property Partners L.P. announced a $0.3985 per share quarterly dividend for its 6.375% Series 2 Class A preferred units (BPYPO). The payout equates to a forward yield of 10.47%, reflecting the unit’s recent trading levels.
The dividend is payable on September 30 to shareholders of record as of September 1, with an ex-dividend date also set for September 1. The company’s prior quarterly dividend for the series matched the current payout, maintaining consistency in its distribution policy.
No immediate market reaction was disclosed in the announcement, which focused on dividend metrics and historical yield data.