Arbor Realty Trust’s Preferred Stock Surpasses 8% Yield Amid Trading Fluctuations
On Tuesday, Arbor Realty Trust Inc’s 6.25% Series E Cumulative Redeemable Preferred Stock (Symbol: ABR.PRE) demonstrated a strong yield above the 8% threshold. The stock was yielding 8% based on its quarterly dividend of $1.5625, with trading prices dipping as low as $19.40 throughout the day.
A comparative analysis reveals that this yield surpasses the average yield of 7.44% in the “Real Estate” preferred stock sector, according to Preferred Stock Channel. Also notable is that ABR.PRE was trading at an 18.28% discount to its liquidation preference amount, significantly higher than the average discount of 7.27% in the same sector.
A historical overview of the dividend payments for Arbor Realty Trust Inc’s 6.25% Series E Cumulative Redeemable Preferred Stock is illustrated in the chart below:
During Tuesday’s trading session, Arbor Realty Trust Inc’s 6.25% Series E stock saw a decline of approximately 3.2%, whereas the common shares (Symbol: ABR) experienced a modest increase of about 0.6%.
Click here to find out the 50 highest yielding preferreds »
Related Insights:
- Blue Chip Dividend Stocks Hedge Funds Are Buying
- AAV Shares Outstanding History
- WNC Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.