This Top-Shorted Stock Has A Dynamite Dividend
ABRArbor(ABR) Forbes·2024-08-12 19:20

TNT, Dynamite!gettyThis stock hurts to short. The bears are gluttons for punishment.Thirty-six percent (36%!) of outstanding shares are sold short. This dividend is just waiting to be squeezed higher.Meanwhile, the pessimists are paying the stock’s 12.8% dividend out of pocket. That’s how shorting works—you must borrow shares to put on your bearish bet. As such, you’re on the hook for the dividend.Wouldn’t be my bet. I’m talking, of course, about our controversial out-of-favor favorite Arbor Realty Trust (A ...