ABR Dividend

Arbor Realty Trust dividend

Although ABR has a dividend of 0.43 with an ex-dividend date of Nov 15, you can sell covered calls on Arbor Realty Trust to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 2:25 PM ET):

Arbor Realty Trust (ABR)
Bid Ask Last Change Volume P/E Market Cap
15.49 15.50 15.50 +0.36 1.6M 11 5.7B

ABR Dividend-Like Income Using Covered Calls

With ABR at 15.50, here's a table showing how big the annual "dividend" (i.e. total annual call premium received) would need to be to attain 3%, 5%, and 10% annual yields. Also shown is the equivalent number of cents/day necessary to achieve each yield:

Annual Yield Annual Premium Cents/Day
3% 0.47 0.1
5% 0.78 0.2
10% 1.55 0.4

So now we need to find out of the money covered calls that pay at least the prescribed cents/day amount of time premium. That will generate income and, because they are out of the money, leave room for some upside potential on the stock. Here are some examples:

3% Yield On ABR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 6 16.00 0.10 29 0.3 0.50 (3.2%)
Dec 13 15.50 0.35 36 1.0 0.00 (0.0%)
5% Yield On ABR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 6 16.00 0.10 29 0.3 0.50 (3.2%)
Dec 13 15.50 0.35 36 1.0 0.00 (0.0%)
10% Yield On ABR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 13 15.50 0.35 36 1.0 0.00 (0.0%)
Nov 15 15.50 0.20 8 2.5 0.00 (0.0%)

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Want more examples? ABNB Dividend | ABT Dividend