New York Mortgage Trust, Inc. (NYMTM) to Issue Quarterly Dividend of $0.49 on July 15th

New York Mortgage Trust, Inc. (NASDAQ:NYMTM) announced a quarterly dividend on Tuesday, June 18th, Wall Street Journal reports. Shareholders of record on Monday, July 1st will be given a dividend of 0.4922 per share on Monday, July 15th. This represents a $1.97 annualized dividend and a yield of 8.25%. The ex-dividend date of this dividend is Monday, July 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 0.3 %

NYMTM stock opened at $23.86 on Friday. New York Mortgage Trust has a 12 month low of $20.86 and a 12 month high of $23.99. The firm has a 50-day moving average of $23.65 and a two-hundred day moving average of $23.32.

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.