Brookfield Property Partners (NASDAQ:BPYPN) Shares Up 0.8% – What’s Next?

Brookfield Property Partners L.P. (NASDAQ:BPYPN) traded up 0.8% during mid-day trading on Thursday . The company traded as high as $14.13 and last traded at $14.10. 25,256 shares changed hands during mid-day trading, an increase of 46% from the average daily volume of 17,282 shares. The stock had previously closed at $13.99.

Brookfield Property Partners Trading Up 0.8%

The stock’s 50-day moving average is $13.87 and its 200 day moving average is $13.82.

Brookfield Property Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.3594 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 10.2%.

About Brookfield Property Partners

Brookfield Property Partners L.P. (NASDAQ: BPYPN) is a global commercial real estate partnership sponsored by Brookfield Asset Management. The company acquires, develops and manages a diversified portfolio of income-generating property assets across the office, retail, multifamily residential, industrial logistics, hospitality and self-storage sectors. By leveraging Brookfield’s integrated platform, the partnership seeks to create value through active asset management, selective development and opportunistic acquisitions.

Originally launched in late 2013 as a spin-out of Brookfield’s property platform, the partnership combined Brookfield Office Properties and Brookfield Retail Properties into a single publicly traded vehicle.