Franklin BSP Realty Trust, Inc. Announces Second Quarter 2024 Common Stock Dividend of $0.355 Per Share and Series E Cumulative Redeemable Preferred Stock Dividend of $0.46875 Per Share
Franklin BSP Realty Trust (NYSE: FBRT) has declared a second quarter 2024 dividend of $0.355 per common share. The dividend is payable on or about July 10, 2024, to common stockholders of record as of June 28, 2024. Additionally, the Board announced a second quarter 2024 dividend of $0.46875 per share on its 7.50% Series E Cumulative Redeemable Preferred Stock, payable on July 15, 2024, to Series E preferred stockholders of record as of June 30, 2024, with an effective record date of June 28, 2024.
- Declared a second quarter 2024 common stock dividend of $0.355 per share.
- Declared a second quarter 2024 dividend of $0.46875 per share on 7.50% Series E Cumulative Redeemable Preferred Stock.
- Both dividends have specific payable dates and record dates, providing clarity to investors.
- The declared dividends are standard and do not indicate significant growth beyond expected returns.
FBRT’s Board of Directors also declared a second quarter 2024 dividend of
About Franklin BSP Realty Trust, Inc.
Franklin BSP Realty Trust, Inc. (NYSE: FBRT) is a real estate investment trust that originates, acquires and manages a diversified portfolio of commercial real estate debt secured by properties located in
Forward-Looking Statements
Certain statements included in this press release are forward-looking statements. Those statements include statements regarding the intent, belief or current expectations of the Company and members of our management team, as well as the assumptions on which such statements are based, and generally are identified by the use of words such as "may," "will," "seeks," "anticipates," "believes," "estimates," "expects," "plans," "intends," "should" or similar expressions. Actual results may differ materially from those contemplated by such forward-looking statements. Further, forward-looking statements speak only as of the date they are made, and we undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law.
The Company's forward-looking statements are subject to various risks and uncertainties, including but not limited to the risks and important factors contained and identified in the Company’s filings with the Securities and Exchange Commission (“SEC”), including its Annual Report on Form 10-K for the fiscal year ended December 31, 2023 and its subsequent filings with the SEC, any of which could cause actual results to differ materially from the forward-looking statements. The forward-looking statements included in this communication are made only as of the date hereof.
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Investor Relations Contact:
Lindsey Crabbe
l.crabbe@benefitstreetpartners.com
(214) 874-2339
Source: Franklin BSP Realty Trust, Inc.
FAQ
What is the dividend amount for Franklin BSP Realty Trust's second quarter 2024?
When is Franklin BSP Realty Trust paying the second quarter 2024 dividend?
What is the record date for Franklin BSP Realty Trust's second quarter 2024 common stock dividend?
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When will FBRT pay the Series E Preferred Stock dividend?