New York Mortgage Trust, Inc. (NASDAQ:NYMTM) to Issue $0.49 Quarterly Dividend

New York Mortgage Trust, Inc. (NASDAQ:NYMTM) announced a quarterly dividend on Monday, September 23rd, Wall Street Journal reports. Investors of record on Tuesday, October 1st will be given a dividend of 0.4922 per share on Tuesday, October 15th. This represents a $1.97 annualized dividend and a yield of 8.07%. The ex-dividend date is Tuesday, October 1st.

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

New York Mortgage Trust Trading Down 0.2 %

Shares of NASDAQ:NYMTM traded down $0.04 during trading on Monday, reaching $24.41. The stock had a trading volume of 13,692 shares, compared to its average volume of 14,482. New York Mortgage Trust has a 52 week low of $20.86 and a 52 week high of $24.54. The stock has a fifty day simple moving average of $23.81 and a two-hundred day simple moving average of $23.60.

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.