Arbor Realty Trust (ABR) Raises Quarterly Dividend 6.7% to $0.16; 8.8% Yield
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Arbor Realty Trust Reports Second Quarter 2016 Results and Increases Common Stock Dividend by 7%
August 5, 2016 8:01 AM EDTSecond Quarter Highlights:
Net income of $10.2 million, or $0.20 per diluted common shareAFFO of $12.0 million, or $0.23 per diluted common share1Declares a cash dividend on common stock of $0.16 per share, a 7% increaseEarned $4.4 million of income from equity investmentsRecorded a net gain of $1.9 million from a structured transactionOriginated $170 million of new loans GAAP book value per common share of $9.27Recent Developments:
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