dividend
confidence high
sentiment neutral
materiality 0.40
Bluerock Homes Trust enhances Series A Preferred dividend to SOFR+2% with 6.5%-8.5% cap
Bluerock Homes Trust, Inc.
- New dividend formula: 1-month SOFR plus 2%, subject to 6.5% min and 8.5% max annual rate, paid monthly.
- Regular monthly dividend remains $0.125/share; enhanced special dividend aggregated to achieve the new rate.
- At 5.3% SOFR, aggregate monthly dividend is $0.152/share; at 3.0% SOFR, $0.135/share.
- Effective starting May 2024 (payable June 2024), replacing previously announced special dividend.