The $0.3906 payout on ABR.PR.E marks a 9.8% forward yield, payable to shareholders of record by July 15.
Arbor Realty Trust’s 6.25% cumulative preferred Series E (ABR.PR.E) announced a $0.3906 per share quarterly dividend. The payout equates to a 9.8% forward yield based on current pricing.
The dividend is payable on July 30 to shareholders of record as of July 15, with an ex-dividend date also set for July 15. The company’s prior dividend for the series was consistent with this quarter’s declaration.
No immediate market reaction was disclosed following the announcement.