New York Mortgage Trust, Inc. (NYMTN) to Issue Quarterly Dividend of $0.50 on July 15th

New York Mortgage Trust, Inc. (NASDAQ:NYMTN) announced a quarterly dividend on Friday, June 21st, Wall Street Journal reports. Shareholders of record on Monday, July 1st will be given a dividend of 0.50 per share on Monday, July 15th. This represents a $2.00 dividend on an annualized basis and a yield of 9.13%. The ex-dividend date of this dividend is Monday, July 1st.

New York Mortgage Trust has raised its dividend payment by an average of 0.8% per year over the last three years.

New York Mortgage Trust Price Performance

NYMTN stock opened at $21.90 on Friday. New York Mortgage Trust has a twelve month low of $18.71 and a twelve month high of $22.60. The business’s fifty day moving average is $21.39 and its 200-day moving average is $21.61.

New York Mortgage Trust Company Profile

New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. Its targeted investments include residential loans, including business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); single-family rental properties; and other mortgage, residential housing, and credit-related assets.