Reminder: Arbor Realty Trust Series C Cumulative Redeemable Preferred Stock Goes Ex-Dividend Soon

On 8/13/14, Arbor Realty Trust Inc's 8.50% Series C Cumulative Redeemable Preferred Stock (ABR.PRC) will trade ex-dividend, for its quarterly dividend of $0.5312, payable on 9/2/14. As a percentage of ABR.PRC's recent share price of $25.40, this dividend works out to approximately 2.09%, so look for shares of ABR.PRC to trade 2.09% lower — all else being equal — when ABR.PRC shares open for trading on 8/13/14. On an annualized basis, the current yield is approximately 8.39%, which compares to an average yield of 6.94% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.

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As of last close, ABR.PRC was trading at a 1.36% premium to its liquidation preference amount, versus the average premium of 1.24% in the "Real Estate" category. The chart below shows the one year performance of ABR.PRC shares, versus ABR:

Performance Comparison Chart

Below is a dividend history chart for ABR.PRC, showing historical dividends prior to the most recent $0.5312 on Arbor Realty Trust Inc's 8.50% Series C Cumulative Redeemable Preferred Stock:

ABR.PRC+Dividend+History+Chart

In Monday trading, Arbor Realty Trust Inc's 8.50% Series C Cumulative Redeemable Preferred Stock ( ABR.PRC) is currently up about 0.2% on the day, while the common shares ( ABR) are trading flat.

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