In trading on Thursday, Arbor Realty Trust Inc’s 6.375% Series D Cumulative Redeemable Preferred Stock (Symbol: ABR.PRD) yielded over 9%, with shares trading as low as $17.57, reflecting an annualized dividend of $1.5938. This yield surpasses the average of 8.08% for the “Real Estate” preferred stock category. Furthermore, ABR.PRD was trading at a 29% discount to its liquidation preference amount, compared to the category average discount of 14.11%.
On the same day, shares of ABR.PRD were down approximately 0.1%, while the common shares (Symbol: ABR) increased by about 2.1%.
