Arbor Realty Trust (ABR) Social Stream
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$ABR - it always feels like a big kick in the teeth when they do this but it is one of the few options they have to raise capital and they always do it “ opportunistically “. In this case, they waited until the stock jumped to over $14 ( which it hasn’t been since the beginning of the year- pre-covid).scott53, published November 26, 2020
They priced it before it goes ex, but it doesn’t settle until ex. Which is to say, they will not get this dividend. The actual book value has a $9 handle, so this will not, in fact be dilutive at all. It will be accretive from day 1. As far as announcing it at 3 am- not sure what you are looking at, they announced right after close of business yesterday.last point, while they did talk up the share price on the. All, I think it’s still higher now than it was then.
Bottom line, be patient and wait to collect the next big fat dividend in a few weeks.