5 Best and Reliable High Dividend REITs to Buy Now

1. Arbor Realty Trust, Inc. (NYSE:ABR)

Dividend Yield as of August 23: 10.2%

Arbor Realty Trust, Inc. (NYSE:ABR) is a New York-based REIT that provides debt capital for the multifamily loan and commercial real estate industries. In Q2 2022, the company reported $94.2 million in revenue, up 60.4% from the same period last year. Its cash position was strong as it had over $1 billion available in real estate-related assets and cash. At the end of June, the company reported nearly $342 million in cash and cash equivalents.

Arbor Realty Trust, Inc. (NYSE:ABR) has been raising its dividends consistently for the past nine years, which represented a 30% growth over these years. It currently pays a quarterly dividend of $0.39 per share and has a yield of 10.2%, as of August 23. Its payout ratio is also safe, as it currently spends 75% of its distributable earnings on dividends.

As of the close of Q2 2022, 12 hedge funds in Insider Monkey’s database owned stakes in Arbor Realty Trust, Inc. (NYSE:ABR), down from 14 in the previous quarter. The collective value of these stakes is over $74.5 million.

You can also take a look at 10 Best REIT ETFs to Buy Now and 10 Best Bear Market Stocks to Buy According to Morgan Stanley

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