In the current market environment, few things are better than a bonus check for equity investors. Of course, I’m talking about special dividends, which are one-time payments from companies to their shareholders. Given what’s been happening in the U.S. stock market and economy recently, companies are tightening their belts, but one of them still managed to scrape together a hefty bonus check for investors.
The company in question is Arbor Realty Trust Inc (NYSE:ABR), a real estate investment trust (REIT) headquartered in Uniondale, New York. Investors who follow the company would have seen this one coming. In an earnings conference call in November, ABR President, Chairman, and Chief Executive Officer Ivan Kaufman said that due to “a large gain in the third quarter from a litigation settlement,” the company expects, “to pay a special dividend before the end of the year.”
Source: Income Investor
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