Shares of Arbor Realty Trust Inc’s 6.25% Series E Cumulative Redeemable Preferred Stock (ABR.PRE) were yielding above 8.5% on Friday, with a quarterly dividend of $1.5625. ABR.PRE was trading at a 23.72% discount to its liquidation preference, compared to an average of 14.35% in the “Real Estate” category. The stock was down 7.8% for the day, while common shares (ABR) were down 18.6%. This news comes in the context of a 7.90% average yield in the preferred stock category. Investors should keep an eye on these developments as they consider their investment strategies.

Read more at Nasdaq: Arbor Realty Trust’s Series E Preferred Stock Shares Cross 8.5% Yield Mark