Benzinga | Mar 1, 2021 10:20AM EST

Ex-Dividend Date Insight: Arbor Realty Trust

On February 19, 2021, Arbor Realty Trust (NYSE:ABR) declared a dividend payable on March 19, 2021 to its shareholders. Arbor Realty Trust also announced that shareholders on the company's books on or before March 3, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Arbor Realty Trust, whose current dividend payout is $0.33, has an ex-dividend date set at March 2, 2021. The payout equates to a dividend yield of 8.59% at current price levels.

The Significance Of An Ex-Dividend Date

Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Understanding Arbor Realty Trust's Dividend Payouts And Yields

Over the past year, Arbor Realty Trust has seen its dividend payouts and yields climb upward overall. Last year (February 27, 2020), the company's payout sat at $0.3, which has since increased by $0.03. Arbor Realty Trust's dividend yield last year was 7.95%, which has since grown by 0.64%.

Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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