New York Mortgage Trust, Inc. Plans Quarterly Dividend of $0.44 (NASDAQ:NYMTZ)

New York Mortgage Trust, Inc. (NASDAQ:NYMTZ) declared a quarterly dividend on Monday, September 23rd, Wall Street Journal reports. Stockholders of record on Tuesday, October 1st will be given a dividend of 0.4375 per share on Tuesday, October 15th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 8.18%. The ex-dividend date of this dividend is Tuesday, October 1st.

New York Mortgage Trust Stock Performance

NASDAQ:NYMTZ traded up $0.11 during trading hours on Monday, hitting $21.40. The company’s stock had a trading volume of 3,151 shares, compared to its average volume of 8,002. New York Mortgage Trust has a twelve month low of $15.31 and a twelve month high of $21.74. The stock has a fifty day simple moving average of $19.38 and a 200-day simple moving average of $18.80.

About New York Mortgage Trust

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.