New York Mortgage Trust, Inc. Plans Quarterly Dividend of $0.43 (NASDAQ:NYMTL)

New York Mortgage Trust, Inc. (NASDAQ:NYMTL) announced a quarterly dividend on Thursday, September 19th, Wall Street Journal reports. Investors of record on Tuesday, October 1st will be given a dividend of 0.4297 per share on Tuesday, October 15th. This represents a $1.72 annualized dividend and a yield of 7.90%. The ex-dividend date of this dividend is Tuesday, October 1st.

New York Mortgage Trust Price Performance

NYMTL stock opened at $21.76 on Monday. New York Mortgage Trust has a 52-week low of $17.55 and a 52-week high of $21.95. The company’s 50-day simple moving average is $20.87 and its 200-day simple moving average is $20.31.

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.