SmarterDividends
FBRT

Franklin BSP Realty Trust, Inc.

FBRT

Real Estate · REIT - Mortgage · Stock · quarterly payer

$6.30

Undervalued · +51% Add to Portfolio

Forward Yield

12.70%

Annual Dividend

$0.80

Payout Ratio

252%

5-Yr Growth

—

Ex-Date

Sep 30, 2026

Frequency

Quarterly

Key facts about FBRT's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 27, 2026, Franklin BSP Realty Trust, Inc. (FBRT) has a forward dividend yield of 12.70%, based on an annual dividend of $0.80 per share and a share price of $6.30.
  • As of Oct 27, 2026, FBRT's dividend safety grade from SmarterDividends is D (38 out of 100), which rates the dividend as unsafe.
  • FBRT has never cut its regular dividend in the payment history SmarterDividends has on record.
  • FBRT's most recent ex-dividend date was Sep 30, 2026, for a dividend of $0.20 per share.
  • As of Oct 27, 2026, FBRT pays out 252% of its trailing 12-month earnings as dividends (its payout ratio).
  • As of Oct 27, 2026, FBRT's 12.70% yield is 37% above its five-year average yield of 9.26%.
  • As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for FBRT is $9.53 per share, 51% above the $6.30 share price, so FBRT screens as undervalued.
  • Franklin BSP Realty Trust, Inc. (FBRT) pays its dividend quarterly, 4 times a year.
  • Franklin BSP Realty Trust, Inc. (FBRT) has raised its regular dividend 1 time and cut it 1 time across the 20 payments on record since 2021. Its most recent change was a 43.7% cut to $0.200 per share, going ex-dividend on Mar 31, 2026.
Cite this page

SmarterDividends, "FBRT Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/FBRT

Summary

As of Oct 27, 2026, Franklin BSP Realty Trust, Inc. (FBRT) yields 12.70% ($0.80 a year per share) and has a dividend safety grade of D (38/100).

Is FBRT a good dividend stock?

Higher risk

Franklin BSP Realty Trust, Inc. (FBRT) pays a quarterly dividend yielding 12.70% ($0.80/yr), with 0 years of growth and a dividend-safety grade of D. Treat the dividend with caution — recent cuts, a stretched payout or a falling price raise the risk.

Advantages

  • Never cut its dividend on record

Risks

  • Elevated payout ratio (252%)
  • Very high yield can signal elevated risk
  • Share price is down over the past 5 years
  • Below-average dividend safety score

Key Data

Dividend Yield
12.70%
Payout Ratio
252%
Annual Dividend
$0.80
5-Yr Avg Growth
—
Ex-Dividend Date
Sep 30, 2026
Years of Growth
0
Frequency
quarterly
Beta
1.14
Market Cap
$523.2M
P/E Ratio
14.3
5-Yr Total Return
-59%
52-Week Range
$5.90 – $10.87
Dividend Safety
D · 38/100
Ever Cut?
No

FBRT dividend raises and cuts

Franklin BSP Realty Trust, Inc. (FBRT) has raised its regular dividend 1 time and cut it 1 time across the 20 payments on record since 2021. Its most recent change was a 43.7% cut to $0.200 per share, going ex-dividend on Mar 31, 2026.

Ex-dateChangeOld → newMove
Mar 31, 2026Cut$0.355 → $0.200−43.7%
Mar 30, 2022Raise$0.285 → $0.355+24.6%
Every FBRT payment →Download every raise and cut (CSV)
FBRT ex-dividend date & scheduleNext ex-date Sep 30, 2026 · full ex-dividend historyView →FBRT dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is FBRT a good dividend stock?

Higher risk. Franklin BSP Realty Trust, Inc. (FBRT) pays a quarterly dividend yielding 12.70% ($0.80/yr), with 0 years of growth and a dividend-safety grade of D. Treat the dividend with caution — recent cuts, a stretched payout or a falling price raise the risk.

Is FBRT undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, FBRT's fair value is about $9.53 versus a $6.30 share price — so it looks undervalued (+51% vs. fair value).

Is FBRT's dividend safe?

FBRT has a dividend-safety grade of D (38/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is FBRT's fair value?

Our blended fair-value estimate for FBRT is about $9.53 per share, roughly 51% above the current $6.30 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is FBRT a buy, hold, or sell?

We don't issue formal ratings, but on the data FBRT screens as "higher risk" and undervalued. Franklin BSP Realty Trust, Inc. (FBRT) pays a quarterly dividend yielding 12.70% ($0.80/yr), with 0 years of growth and a dividend-safety grade of D. Treat the dividend with caution — recent cuts, a stretched payout or a falling price raise the risk. This is research for your own analysis, not investment advice.

Will FBRT cut its dividend?

FBRT earns a dividend-safety grade of D (38/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does FBRT pay a dividend?

Yes. Franklin BSP Realty Trust, Inc. pays a quarterly dividend of about $0.80 per share annually, a forward yield of roughly 12.70%.

What is FBRT's dividend yield?

As of Oct 27, 2026, FBRT's forward dividend yield is 12.70%, based on a $0.80 annual dividend and a $6.30 share price.

What is FBRT's dividend per share?

As of Oct 27, 2026, FBRT pays $0.80 per share per year, distributed on a quarterly basis.

What is FBRT's dividend payout ratio?

As of Oct 27, 2026, FBRT's payout ratio is 252% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has FBRT grown its dividend?

FBRT does not currently have a long dividend-growth streak on record.

When is the next FBRT ex-dividend date?

As of Oct 27, 2026, FBRT's next ex-dividend date hasn't been announced. The most recent was Sep 30, 2026, for $0.20 per share.

Income Calculator

At $0.80 / yr per share

Per payment (quarterly)$20.00
Annual$80.00
Monthly avg$6.67

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