Workflow
Arbor Realty Trust: Buy And Hold This 13.4% Dividend Yield
ABRArbor(ABR) Seeking Alpha· Seeking Alpha·2024-05-11 16:34
pastorscott Arbor Realty (NYSE:ABR) is one of my largest REIT positions. This has come on the back of its substantial and well-covered dividend yield and near-record low multiple to distributable earnings. The internally managed multifamily lender last declared a quarterly cash dividend of $$0.43 per share, kept unchanged sequentially and $$1.72 per share annualized for a 13.4% dividend yield. This was 109% covered by distributable earnings of $$97 million, around $$0.47 per share. The continued safety of t ...