2 Stocks Paying 10% Dividends: $ABR, $NRZ

$ABR sounds more inflation/recession resistant to me than $NRZ. And I’m still short real estate with $DRV. But with a focus on multi-family housing (apartments, duplexes, triplexes, adjoined townhouse community rentals, etc.) this one is in a slice of the RE market where there are shortages of well-maintained rentals. They once bought up a deplorable Key West group of apartments and totally renovated them into something which filled every apartment and a waiting list to get in there. Then Blackstone came in, made them an offer they could not refuse, and they sold. The apartments under Blackstone have begun to slip into bad maintenance problems again.

Seeking at Least 10% Dividend Yield? Analysts Suggest 2 Dividend Stocks to Buy
TipRanks
Thu, July 21, 2022 at 10:09 AM

https://finance.yahoo.com/news/seeking-least-10-dividend-yie…

Arbor Realty Trust (ABR)

Even though the real estate market is stating to cool off – an effect of high inflation and rising interest rates – Arbor can fall back on recent solid financial performances. In the most recent reported quarter, for 1Q22, the company beat the earnings forecast by a wide margin. EPS came in at 55 cents, well above the 45-cent estimates. The gains in earnings were driven by a 17% portfolio growth.

Sound earnings have allowed Arbor to not just maintain a reliable dividend over an extended period of time, but to increase it, making ABR one of the market’s best dividend stocks. The company has raised its common share dividend payment in each of the last 8 consecutive quarters – and over that time, the increases have added up to a 27% increase in the dividend payment. The current payout is set at 38 cents per common share, which annualizes to $1.58 and gives a yield of 10.2%. That is a 1.1% higher than June’s 9.1% inflation rate – an important point for investors to consider.

Analyst Crispin Love, writing from Piper Sandler, describes Arbor as a ‘rock solid’ dividend payer, and writes of the stock: “Arbor is the key player where we have the most conviction in its current dividend as well as increases over the next several quarters to go along with eight consecutive increases from 3Q20 to 2Q22. In addition to the increases, ABR has handily covered the divided with distributable earnings, has among the lowest payout ratios in the industry at 70%, and has a diversified model and scale to weather uncertainty in the economy."

Dividend history for $ABR:


Ex/EFF DATE	TYPE	CASH AMOUNT	DECLARATION DATE	RECORD DATE	PAYMENT DATE
05/19/2022	CASH	$0.38	        05/06/2022	        05/20/2022	05/31/2022
03/03/2022	CASH	$0.37	        02/18/2022	        03/04/2022	03/18/2022
11/12/2021	CASH	$0.36	        10/29/2021	        11/15/2021	11/30/2021
08/13/2021	CASH	$0.35	        07/28/2021	        08/16/2021	08/31/2021
05/20/2021	CASH	$0.34	        05/07/2021	        05/21/2021	06/01/2021
03/02/2021	CASH	$0.33	        02/19/2021	        03/03/2021	03/19/2021
11/13/2020	CASH	$0.32	        10/30/2020	        11/16/2020	11/30/2020
08/14/2020	CASH	$0.31	        07/31/2020	        08/17/2020	08/31/2020
06/29/2020	CASH	$0.30	        05/08/2020	        06/30/2020	07/15/2020
02/27/2020	CASH	$0.30	        02/14/2020	        02/28/2020	03/17/2020
11/14/2019	CASH	$0.30	        11/01/2019	        11/15/2019	12/02/2019
08/14/2019	CASH	$0.29	        08/02/2019	        08/15/2019	09/03/2019
05/22/2019	CASH	$0.28	        05/10/2019	        05/23/2019	05/31/2019
02/28/2019	CASH	$0.27	        02/15/2019	        03/01/2019	03/20/2019
12/27/2018	CASH	$0.15	        12/17/2018	        12/28/2018	01/31/2019
11/14/2018	CASH	$0.27	        11/02/2018	        11/15/2018	11/30/2018
08/14/2018	CASH	$0.25	        08/03/2018	        08/15/2018	08/31/2018
05/14/2018	CASH	$0.25	        05/04/2018	        05/15/2018	05/31/2018
03/07/2018	CASH	$0.21	        02/21/2018	        03/08/2018	03/21/2018
11/14/2017	CASH	$0.19	        11/01/2017	        11/15/2017	11/30/2017
08/14/2017	CASH	$0.18	        08/04/2017	        08/16/2017	08/31/2017
05/15/2017	CASH	$0.18	        06/22/2017	        05/17/2017	05/31/2017
03/13/2017	CASH	$0.16	        03/08/2017	        03/15/2017	03/21/2017
11/17/2016	CASH	$0.16	        12/05/2016	        11/21/2016	11/30/2016
08/15/2016	CASH	$0.16	        09/07/2016	        08/17/2016	08/31/2016
05/16/2016	CASH	$0.15	        05/06/2016	        05/18/2016	05/31/2016
03/08/2016	CASH	$0.15	        02/26/2016	        03/10/2016	03/15/2016
11/16/2015	CASH	$0.15	        11/06/2015	        11/18/2015	11/30/2015
08/12/2015	CASH	$0.15	        07/31/2015	        08/15/2015	08/31/2015
05/13/2015	CASH	$0.15	        05/01/2015	        05/15/2015	06/01/2015
02/23/2015	CASH	$0.13	        02/13/2015	        02/25/2015	03/02/2015
11/17/2014	CASH	$0.13	        11/07/2014	        11/19/2014	12/01/2014
08/13/2014	CASH	$0.13	        08/01/2014	        08/15/2014	09/02/2014
05/13/2014	CASH	$0.13	        05/01/2014	        05/15/2014	06/02/2014
02/21/2014	CASH	$0.13	        02/14/2014	        02/25/2014	02/28/2014
11/18/2013	CASH	$0.13	        11/08/2013	        11/20/2013	12/02/2013
08/12/2013	CASH	$0.13	        08/05/2013	        08/14/2013	09/03/2013

$ABR daily chart

https://schrts.co/BZkIxVSz

$ABR weekly chart

https://schrts.co/IiBWSaXR

$ABR monthly chart

https://schrts.co/TGihuHIc

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