On 5/14/24, Bridgewater Bancshares Inc’s 5.875% Dep Shares Non Cumul Preferred Stock Ser A (Symbol: BWBBP) will trade ex-dividend, for its quarterly dividend of $0.3672, payable on 6/3/24. As a percentage of BWBBP’s recent share price of $18.83, this dividend works out to approximately 1.95%, so look for shares of BWBBP to trade 1.95% lower — all else being equal — when BWBBP shares open for trading on 5/14/24. On an annualized basis, the current yield is approximately 7.80%, which compares to an average yield of 8.05% in the “Credit Services & Lending” preferred stock category, according to Preferred Stock Channel.
The chart below shows the one year performance of BWBBP shares, versus BWB:

Below is a dividend history chart for BWBBP, showing historical dividends prior to the most recent $0.3672 on Bridgewater Bancshares Inc’s 5.875% Dep Shares Non Cumul Preferred Stock Ser A:

In Friday trading, Bridgewater Bancshares Inc’s 5.875% Dep Shares Non Cumul Preferred Stock Ser A (Symbol: BWBBP) is currently up about 3.2% on the day, while the common shares (Symbol: BWB) are down about 1.1%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

Also see:

• BGM Historical Stock Prices
• VABK Next Dividend Date
• AAP Price Target

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.