Franklin BSP Realty Trust, Inc.
FBRTReal Estate · Stock · quarterly payer
Forward Yield
14.45%
Annual Dividend
$1.11
Payout Ratio
258%
5-Yr Growth
—
Ex-Date
Sep 30, 2026
Frequency
Quarterly
Summary
As of September 2026, Franklin BSP Realty Trust, Inc. (FBRT) yields 14.45% ($1.11 per share annually), with a blended fair-value estimate of $12.72 — +48% upside, so it screens as undervalued. Dividend safety grade: C (58/100).
Is FBRT a good dividend stock?
Yes, with caveatsFranklin BSP Realty Trust, Inc. (FBRT) pays a quarterly dividend yielding 14.45% ($1.11/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Never cut its dividend on record
Risks
- Elevated payout ratio (258%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 14.45%
- Payout Ratio
- 258%
- Annual Dividend
- $1.11
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Sep 30, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 1.11
- Market Cap
- $646.1M
- P/E Ratio
- 17.7
- 5-Yr Total Return
- -53%
- 52-Week Range
- $7.35 – $11.53
- Dividend Safety
- C · 58/100
- Ever Cut?
- No
Frequently Asked Questions
FBRT Price — Last 12 Months
Daily close
Price Return
1 Year
-28%
3 Years
-41%
5 Years
-53%
52-Week Range
$7.35 – $11.53
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is FBRT worth?
Undervaluedlow confidenceOur blended fair-value estimate for Franklin BSP Realty Trust, Inc. is $12.72 per share, versus a market price of $8.59. That implies 48% of upside — a margin of safety of about 32%.
Fair Value
$12.72
Current Price
$8.59
Upside
+48%
Margin of Safety
32%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 9.9% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $0.43 EPS, $1.11 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
FBRT Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 30, 2026 | — | $0.2000 | regular |
| Mar 31, 2026 | — | $0.2000 | regular |
| Dec 31, 2025 | — | $0.3550 | regular |
| Sep 30, 2025 | — | $0.3550 | regular |
| Jun 30, 2025 | — | $0.3550 | regular |
| Mar 31, 2025 | — | $0.3550 | regular |
| Dec 31, 2024 | — | $0.3550 | regular |
| Sep 30, 2024 | — | $0.3550 | regular |
| Jun 28, 2024 | — | $0.3550 | regular |
| Mar 27, 2024 | — | $0.3550 | regular |
| Dec 28, 2023 | — | $0.3550 | regular |
| Sep 28, 2023 | — | $0.3550 | regular |
| Jun 29, 2023 | — | $0.3550 | regular |
| Mar 30, 2023 | — | $0.3550 | regular |
Income Calculator
At $1.11 / yr per share
