Arbor Realty Trust 6.375% Series D Cumulative Redeemable Preferred Stock Shares Cross 9% Yield Mark
ETF Channel Staff - Thursday, April 25, 2:04 PMIn trading on Thursday, shares of Arbor Realty Trust Inc's 6.375% Series D Cumulative Redeemable Preferred Stock (ABR.PRD) were yielding above the 9% mark based on its quarterly dividend (annualized to $1.5938), with shares changing hands as low as $17.62 on the day. This compares to an average yield of 8.01% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, ABR.PRD was trading at a 28.24% discount to its liquidation preference amount, versus the average discount of 15.89% in the "Real Estate" category.
The chart below shows the one year performance of ABR.PRD shares, versus ABR:
Below is a dividend history chart for ABR.PRD, showing historical dividend payments on Arbor Realty Trust Inc's 6.375% Series D Cumulative Redeemable Preferred Stock:
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In Thursday trading, Arbor Realty Trust Inc's 6.375% Series D Cumulative Redeemable Preferred Stock (ABR.PRD) is currently off about 0.9% on the day, while the common shares (ABR) are off about 3%.