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

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.

BrightSpire Capital, Inc. (NYSE:BRSP - Get Free Report) declared a quarterly dividend on Monday, September 15th, RTT News reports. Investors 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%. The ex-dividend date is Tuesday, September 30th.

BrightSpire Capital has a 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 tumble.

BrightSpire Capital Price Performance

BRSP traded up $0.04 during trading on Friday, hitting $5.81. The company's stock had a trading volume of 1,817,811 shares, compared to its average volume of 576,667. The stock has a market capitalization of $754.59 million, a price-to-earnings ratio of -26.39 and a beta of 1.61. BrightSpire Capital has a 12 month low of $4.16 and a 12 month high of $6.45. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.79. The firm's 50 day moving average price is $5.48 and its two-hundred day moving average price is $5.31.

BrightSpire Capital Company Profile

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.