Arbor Realty Trust (ABR) Raises Quarterly Dividend 15.4% to $0.15; 8.7% Yield
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Arbor Realty Trust Reports First Quarter 2015 Results and Increases Common Stock Dividend by 15.4%
May 1, 2015 7:59 AM EDTFirst Quarter Highlights:
- Net income of $15.0 million, or $0.30 per diluted common share - AFFO of $18.2 million, or $0.36 per diluted common share1 - Declares cash dividend on common stock of $0.15 per share, a 15.4% increase - Redeemed legacy CDOs I and II as well as CLO II; releasing approximately $30 million of cash equity previously held in these vehicles - Closed a fourth collateralized securitization vehicle totaling $300 million with improved borrowing costs - Improved funding sources by... More

