On February 14, 2025, Bridgewater Bancshares Inc’s 5.875% Dep Shares Non Cumul Preferred Stock Series A (Symbol: BWBBP) will go ex-dividend. Investors will receive a quarterly dividend payment of $0.3672 on March 4, 2025. This dividend equates to about 1.84% of BWBBP’s recent share price of $20.00. As a result, anticipate that BWBBP shares may trade approximately 1.84% lower when the market opens on the ex-dividend date. The annualized yield for these shares stands at approximately 7.34%, which is slightly below the average yield of 7.52% in the “Banking & Savings” category for preferred stocks, according to the Preferred Stock Channel.
The chart below illustrates the performance of BWBBP over the past year in comparison to BWB:
Below is a chart showing the dividend history for BWBBP, including the latest dividend payment of $0.3672 for Bridgewater Bancshares Inc’s 5.875% Dep Shares Non Cumul Preferred Stock Series A:
In trading this Wednesday, BWBBP shares are up around 1.5% for the day, while the common shares of Bridgewater Bancshares, represented by the symbol BWB, have dropped approximately 2.2%.
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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
