Arbor Realty Trust (ABR) Raises Quarterly Dividend 8% to $0.27; 9.1% Yield
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Arbor Realty Trust Reports Third Quarter 2018 Results and Increases Quarterly Dividend to $0.27 per Share
November 2, 2018 8:00 AM EDTCompany Highlights:
GAAP net income of $0.36 per diluted common share; AFFO of $0.37, or $0.42 per diluted common share excluding a one-time loss from the early repayment of debt1Declares a cash dividend on common stock of $0.27 per share, a 42% increase in our dividend from a year ago and 8% higher than last quarter Issued $264.5 million of 5.25% convertible senior notes due in 2021 primarily to exchange our 6.50% and 5.375% convertible senior notesAgency Business
Segment income of $19.3 millionLoan... More