Arbor Realty Trust's Series B Preferred Stock Shares Cross 8.5% Yield Mark

In trading on Thursday, shares of Arbor Realty Trust Inc's 7.75% Series B Cumulative Redeemable Preferred Stock (ABR.PRB) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $1.9375), with shares changing hands as low as $22.71 on the day. This compares to an average yield of 7.48% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, ABR.PRB was trading at a 8.00% discount to its liquidation preference amount, versus the average discount of 3.16% in the "Real Estate" category.

The chart below shows the one year performance of ABR.PRB shares, versus ABR:

Performance Comparison Chart

Below is a dividend history chart for ABR.PRB, showing historical dividend payments on Arbor Realty Trust Inc's 7.75% Series B Cumulative Redeemable Preferred Stock:

ABR.PRB+Dividend+History+Chart

In Thursday trading, Arbor Realty Trust Inc's 7.75% Series B Cumulative Redeemable Preferred Stock ( ABR.PRB) is currently trading flat on the day, while the common shares ( ABR) are down about 1.7%.

More from Stocks

Micron Shares Soar; Chipmaker Is 'Managing for Profitability' Now, Says Analyst

Micron Shares Soar; Chipmaker Is 'Managing for Profitability' Now, Says Analyst

Dow Slips 178 Points; S&P 500 and Nasdaq Also Decline

Dow Slips 178 Points; S&P 500 and Nasdaq Also Decline

Facebook CEO Mark Zuckerberg Deflects Tough Questions From European Parliament

Facebook CEO Mark Zuckerberg Deflects Tough Questions From European Parliament

What Does China's Tariff Deal Mean for Automakers Like Tesla?

What Does China's Tariff Deal Mean for Automakers Like Tesla?

Lowe's Taps Home Depot Veteran As New CEO

Lowe's Taps Home Depot Veteran As New CEO