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Arbor Realty Trust ups dividend

Arbor Realty Trust Inc.'s board declared a quarterly cash dividend of 29 cents per share, up from the previous dividend of 28 cents.

The dividend will be paid Sept. 3, to shareholders of record Aug. 15.

The company reported net income attributable to common stockholders of $28.9 million, or 31 cents per share, compared with $17.2 million, or 25 cents per share, in the same quarter of 2018.