Bluerock Homes Trust (BHM) Announces Third Quarter Dividends on Series A Preferred Stock
Bluerock Homes Trust (NYSE American: BHM) has declared monthly cash dividends on its Series A Redeemable Preferred Stock for Q3 2024. The quarterly rate is set at $0.375 per share, payable in three installments of $0.125 each on August 5, September 5, and October 4, 2024. Stockholders of record dates are July 25, August 23, and September 25, respectively.
Additionally, the company has announced enhanced special dividends for Q3 2024, calculated based on the average one-month term Secured Overnight Financing Rate (SOFR) plus 2.0%, with a minimum annual rate of 6.5% and a maximum of 8.5%. These enhanced dividends will be aggregated with the regular monthly dividends and paid on the 5th of each month.
- Consistent quarterly dividend of $0.375 per share on Series A Preferred Stock
- Enhanced special dividends offering potential for higher returns based on SOFR Rate
- Minimum annual dividend rate of 6.5% ensures a baseline return for investors
- Maximum annual dividend rate of 8.5% may limit upside potential in high-interest environments
The Series A Preferred Dividends will be payable in cash as follows: accrued but unpaid dividends of
The Board of Directors has previously authorized, and in connection with the Series A Preferred Dividends the Company has also declared, enhanced special dividends on the Series A Preferred Stock for the third quarter of 2024 (the "Series A Preferred Enhanced Special Dividends"), which will be seamlessly aggregated with the regular monthly Series A Preferred Dividends so as to effect a dividend rate of the average one month term Secured Overnight Financing Rate (the "SOFR Rate") plus
About Bluerock Homes Trust, Inc.
Bluerock Homes Trust, Inc. (NYSE American: BHM), headquartered in
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are based upon the Company's present expectations, but these statements are not guaranteed to occur. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. Investors should not place undue reliance upon forward-looking statements. For further discussion of the factors that could affect outcomes, please refer to the risk factors set forth in Item 1A of the Company's Annual Report on Form 10-K filed by the Company with the
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SOURCE Bluerock Homes Trust, Inc.
FAQ
What is the dividend amount for Bluerock Homes Trust's (BHM) Series A Preferred Stock in Q3 2024?
When are the dividend payment dates for BHM's Series A Preferred Stock in Q3 2024?
How are the enhanced special dividends for BHM's Series A Preferred Stock calculated?