Last year when I wrote about Arbor, I mentioned that net interest income was expected to come in at $220.7 million in 2021. Arbor handily beat that estimate, with net interest income coming in at $254.1 million. This year, net interest income is projected to spike 30% to $330.7 million. Since the company is expected to pay out $228.2 million in dividends, it has plenty of room to raise the dividend. Last year, the payout ratio (the percentage of net interest income paid out in dividends) was 89%. This year, it's expected to drop to 69%. I suspect the company will pay more in dividends in 2022 than Wall Street anticipates. Arbor Realty Trust's dividend not only is very safe but will very likely be raised again this year for the 10th straight year. Dividend Safety Rating: A If you have a stock whose dividend safety you'd like analyzed, leave the ticker symbol in the comments section. You can also check to see whether we've written about your favorite stock recently. Just click on the magnifying glass in the upper right corner of the Wealthy Retirement homepage and type in the company name in the box. Good investing, Marc |
No comments:
Post a Comment