Arbor Realty Trust (ABR) Raises Quarterly Dividend 2.9% to $0.35; 7.7% Yield
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Arbor Realty Trust Reports Second Quarter 2021 Results and Increases Quarterly Dividend to $0.35 per Share
July 30, 2021 8:00 AM EDTCompany Highlights:
Diversified operating platform with a multifamily focus that continues to produce strong distributable earnings and dividends in all cycles GAAP net income of $0.51 and distributable earnings of $0.45 per diluted common share1Raised cash dividend on common stock to $0.35 per share, our fifth consecutive quarterly increaseRaised $440 million of accretive growth capital: $223 million from offering of 6.375% Series D preferred stock, using $93 million to redeem our Series A, B and C preferred stock (8.14% on a weighted-average basis)$172 million from issuance of 5.00% senior unsecured notes due in... More
