On 5/13/14, Arbor Realty Trust Inc's 8.250% Series A Cumulative Redeemable Preferred Stock (ABR.PRA) will trade ex-dividend, for its quarterly dividend of $0.5156, payable on 6/2/14. As a percentage of ABR.PRA's recent share price of $25.25, this dividend works out to approximately 2.04%, so look for shares of ABR.PRA to trade 2.04% lower — all else being equal — when ABR.PRA shares open for trading on 5/13/14. On an annualized basis, the current yield is approximately 8.17%, which compares to an average yield of 7.13% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Ex-Div Reminder for Arbor Realty Trust Series A Cumulative Redeemable Preferred Stock
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