Is Arbor Realty Stock Worth a Watch for its 12.6% Dividend Yield?
Arbor(ABR) ZACKS·2024-08-29 00:21
The mREIT industry is witnessing a favorable trend with the recent decline in mortgage rates, a positive development for the housing market. Income-seeking investors have a large appetite for REIT stocks, as U.S. law requires REITs to distribute 90% of its annual taxable income in the form of dividends. So, keeping an eye on mREIT stocks like Arbor Realty Trust, Inc. (ABR) , which offers ultra-high dividend yield and high payout, will be wise now. Considering yesterday’s closing price of $13.61, ABR’s divid ...