Arbor Realty: Fed Rate Cuts Could Spark Euphoria And A Short Squeeze, The Dividend Appears Safe
Arbor(ABR) Seeking Alpha·2024-09-06 03:43
Walter Bibikow/DigitalVision via Getty Images Arbor Realty's (NYSE:ABR) fiscal 2024 second-quarter earnings saw revenue of $87.96 million. This dipped by 19% year-over-year, but non-GAAP EPS at $0.45 beat consensus by $0.03 cents, meaning the mREIT continues to cover its dividend. ABR most recently paid a $0.43 per share quarterly cash dividend, unchanged versus its prior payment. The annualized dividend at $1.72 per share means a 13.2% dividend yield against commons currently changing hands for roughly $13 ...