New York Mortgage Trust (NASDAQ:NYMTZ) Trading Down 0.1% – Here’s What Happened

Shares of New York Mortgage Trust, Inc. (NASDAQ:NYMTZ) traded down 0.1% during trading on Thursday . The company traded as low as $18.66 and last traded at $18.75. 9,345 shares changed hands during trading, an increase of 27% from the average session volume of 7,387 shares. The stock had previously closed at $18.77.

New York Mortgage Trust Stock Down 0.1 %

The company’s fifty day moving average is $19.85 and its 200 day moving average is $19.85.

New York Mortgage Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st will be issued a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a dividend yield of 9.33%. The ex-dividend date is Tuesday, December 31st.

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.