5 Best Dividend Stocks with Over 8% Yield You Can Buy in September

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

Dividend Yield as of September 8: 10.67%

Arbor Realty Trust, Inc. (NYSE:ABR) is a New York-based real estate investment trust that provides debt capital for the multifamily loan and commercial real estate industries. In Q2 2022, the company reported strong financials with nearly $342 million available in cash and cash equivalents. Its total assets at the end of the quarter amounted to over $17.6 billion, up from $15 billion in the previous quarter. The company’s revenue came in at $94.2 million, showing a 60.4% growth from the same period last year.

On July 29, Arbor Realty Trust, Inc. (NYSE:ABR) declared a 2.6% hike in its quarterly dividend to $0.39 per share. The company maintains its position as one of the top high dividend stocks as it has raised its dividends consistently for the past 9 years. As of September 8, the stock’s dividend yield came in at 10.67%.

In June, Piper Sandler reiterated its Overweight rating on Arbor Realty Trust, Inc. (NYSE:ABR) with a $17 price target, acknowledging the company’s overall performance in the past quarters.

At the end of June 2022, 12 hedge funds tracked by Insider Monkey reported owning stakes in Arbor Realty Trust, Inc. (NYSE:ABR), down from 14 in the previous quarter. These stakes hold a collective value of over $74.5 million. D. E. Shaw, Ken Griffin, and Israel Englander were some of the company’s most prominent stakeholders in Q2.