New York Mortgage Trust, Inc. (NASDAQ:NYMTN – Get Free Report) declared a quarterly dividend on Monday, September 23rd, Wall Street Journal reports. Investors of record on Tuesday, October 1st will be given a dividend of 0.50 per share on Tuesday, October 15th. This represents a $2.00 annualized dividend and a yield of 8.72%. The ex-dividend date is Tuesday, October 1st.
New York Mortgage Trust has increased its dividend payment by an average of 0.8% annually over the last three years.
New York Mortgage Trust Stock Performance
NYMTN stock traded up $0.14 during midday trading on Monday, hitting $22.94. The company had a trading volume of 22,322 shares, compared to its average volume of 9,490. New York Mortgage Trust has a 52 week low of $18.71 and a 52 week high of $22.96. The stock’s 50 day moving average price is $21.70 and its 200 day moving average price is $21.63.
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.
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