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BrightSpire Capital, Inc. Announces Quarterly Dividend of $0.16 (NYSE:BRSP)

BrightSpire Capital logo with Finance background

Key Points

  • BrightSpire Capital, Inc. announced a quarterly dividend of $0.16 per share, which will be distributed on October 15th to stockholders of record as of September 30th, representing an annualized dividend yield of 11.0%.
  • The company has a dividend payout ratio of 90.1%, indicating that while its dividend is currently covered by earnings, future sustainability may be in question if earnings decline.
  • BrightSpire Capital’s shares traded down 1.2% to $5.81, with a 52-week range between $4.16 and $6.45.
  • MarketBeat previews top five stocks to own in October.

BrightSpire Capital, Inc. (NYSE:BRSP - Get Free Report) announced a quarterly dividend on Monday, September 15th, RTT News reports. Stockholders of record on Tuesday, September 30th will be given a dividend of 0.16 per share on Wednesday, October 15th. This represents a c) annualized dividend and a dividend yield of 11.0%.

BrightSpire Capital has a dividend payout ratio of 90.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings decline.

BrightSpire Capital Stock Down 1.2%

Shares of BRSP traded down $0.07 during trading hours on Monday, hitting $5.81. 363,302 shares of the company were exchanged, compared to its average volume of 571,049. The company has a market cap of $755.24 million, a PE ratio of -26.41 and a beta of 1.61. The firm's 50 day moving average is $5.42 and its 200-day moving average is $5.31. BrightSpire Capital has a 52 week low of $4.16 and a 52 week high of $6.45. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.54 and a current ratio of 0.54.

BrightSpire Capital Company Profile

(Get Free Report)

BrightSpire Capital, Inc operates as a commercial real estate (CRE) credit real estate investment trust in the United States and Europe. The company operates through Senior and Mezzanine Loans and Preferred Equity; Net Leased and Other Real Estate; and Corporate and Other segments. It focuses on originating, acquiring, financing, and managing a diversified portfolio of CRE debt investments consisting of first mortgage loans, senior loans, debt securities, mezzanine loans, and preferred equity investments, as well as net leased properties.

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Dividend History for BrightSpire Capital (NYSE:BRSP)

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