Reminder: BancFirst Corp.'s BFC Capital Trust II 7.20% Cumulative Trust Preferred Securities Goes Ex-Dividend SoonBy Preferred Stock Channel Staff, Monday, September 27, 1:32 PM ETOn 9/29/21, BancFirst Corp.'s BFC Capital Trust II 7.20% Cumulative Trust Preferred Securities (NASDAQ:BANFP) will trade ex-dividend, for its quarterly dividend of $0.45, payable on 10/15/21. As a percentage of BANFP's recent share price of $27.40, this dividend works out to approximately 1.64%, so look for shares of BANFP to trade 1.64% lower — all else being equal — when BANFP shares open for trading on 9/29/21. On an annualized basis, the current yield is approximately 6.43%, which compares to an average yield of 5.29% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, BANFP was trading at a 11.92% premium to its liquidation preference amount, versus the average premium of 6.71% in the "Financial" category. The chart below shows the one year performance of BANFP shares, versus BANF:
Below is a dividend history chart for BANFP, showing historical dividends prior to the most recent $0.45 on BancFirst Corp.'s BFC Capital Trust II 7.20% Cumulative Trust Preferred Securities : Free Report: Top 7%+ Dividends (paid monthly)
In Monday trading, BancFirst Corp.'s BFC Capital Trust II 7.20% Cumulative Trust Preferred Securities (NASDAQ:BANFP) is currently off about 2.1% on the day, while the common shares (NASDAQ:BANF) are up about 3.5%.
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