Notable Stock to Watch: American Finance Trust (Nasdaq:AFIN/ AFINP)

American Finance Trust (Nasdaq:AFIN/ AFINP) spotted trading -2.33% off 52-week high price. On the other end, the stock has been noted 4.22% away from the low price over the last 52-weeks. The stock changed 0.00% to recent value of $25.2. The stock transacted 12074 shares during most recent day however it has an average volume of 33.89K shares. 105.67M shares were floated in the market.  

On June 21, 2019, American Finance Trust (Nasdaq: AFIN/AFINP) announced that it intends to pay dividends on a quarterly basis on its 7.50% Series A Cumulative Redeemable Perpetual Preferred Stock (the Series A Preferred Stock) at an annualized rate of $1.875 per share or $0.46875 per share on a quarterly basis.  Dividends on the Series A Preferred Stock are payable in arrears to Series A Preferred Stock holders of record at the close of business on the applicable record date and payable on the 15th day of the first month of each fiscal quarter (or, if not a business day, the next succeeding business day). July 15, 2019 is the first quarterly payment date since the Series A Preferred Stock was originally issued on March 26, 2019 and this dividend represents an accrual for more than a full quarter, covering the period from March 26, 2019 to June 30, 2019.

Accordingly, AFIN declared a dividend of $0.50 per share of Series A Preferred Stock covering the period from March 26, 2019 to June 30, 2019 and payable on July 15, 2019 to Series A Preferred Stock holders of record at the close of business on July 3, 2019.

The price moved ahead of -0.08% from the mean of 20 days, -0.31% from mean of 50 days SMA and performed 0.15% from mean of 200 days price. Company’s performance for the week was 0.07%, -0.16% for month and YTD performance remained 3.03%.

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