5 Dividend Stocks with Over 8% Yield

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

Dividend Yield as of August 18: 11.44%

Arbor Realty Trust, Inc. (NYSE:ABR) is a real estate investment trust company that acquires and manages a wide variety of real estate properties, with a primary focus on multifamily and commercial real estate. The company hiked its quarterly dividend by 2.4% to $0.43 on July 28. Through this increase, it took its dividend growth streak to 11 years, which makes it one of the best dividend stocks on our list. The stock’s dividend yield on August 18 came in at 11.44%.

Arbor Realty Trust, Inc. (NYSE:ABR) was a part of 12 hedge fund portfolios at the end of Q2 2023, according to Insider Monkey’s database. The total value of stakes owned by these hedge funds is over $55 million.

Silver Beech Capital mentioned Arbor Realty Trust, Inc. (NYSE:ABR) in its Q2 2023 investor letter. Here is what the firm has to say:

“Arbor Realty Trust, Inc. (NYSE:ABR) is a small-capitalization mortgage REIT that primarily originates bridge multifamily and single-family home loans. Arbor also has in-house asset-light agency loan origination and mortgage servicing right segments that are a good strategic fit for properties that mature out of Arbor’s bridge multifamily loan program. Over the last decade, in part due to Arbor’s unique business combination and capital allocation strength, the company has earned among the highest returns on equity and shareholder returns in the mortgage REIT sector. (Click here to read the full text)