New York Mortgage Trust, Inc. (NYMTM) to Issue Quarterly Dividend of $0.69 on April 15th

New York Mortgage Trust, Inc. (NASDAQ:NYMTM) declared a quarterly dividend on Thursday, March 20th, Wall Street Journal reports. Stockholders of record on Tuesday, April 1st will be given a dividend of 0.687 per share on Tuesday, April 15th. This represents a $2.75 annualized dividend and a dividend yield of 11.14%. The ex-dividend date is Tuesday, April 1st. This is a 39.6% increase from New York Mortgage Trust’s previous quarterly dividend of $0.49.

New York Mortgage Trust has increased its dividend by an average of 2.6% per year over the last three years.

New York Mortgage Trust Stock Up 0.2 %

NASDAQ NYMTM opened at $24.67 on Friday. The business has a 50 day simple moving average of $25.04 and a 200 day simple moving average of $24.86. New York Mortgage Trust has a one year low of $22.12 and a one year high of $25.39.

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.