Franklin BSP Realty Trust's Series E Preferred Stock Crosses Above 10% Yield Territory

In trading on Wednesday, shares of Franklin BSP Realty Trust Inc's 7.50% Series E Cumulative Redeemable Preferred Stock (Symbol: FBRT.PRE) were yielding above the 10% mark based on its quarterly dividend (annualized to $1.875), with shares changing hands as low as $18.38 on the day. This compares to an average yield of 8.49% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, FBRT.PRE was trading at a 24.68% discount to its liquidation preference amount, versus the average discount of 18.23% in the "Real Estate" category. Below is a dividend history chart for FBRT.PRE, showing historical dividend payments on Franklin BSP Realty Trust Inc's 7.