New York Mortgage Trust (NASDAQ:NYMTL) Trading Up 0.3% – Here’s Why

New York Mortgage Trust, Inc. (NASDAQ:NYMTL) shares were up 0.3% during mid-day trading on Thursday . The stock traded as high as $22.22 and last traded at $22.19. Approximately 5,279 shares traded hands during trading, a decline of 28% from the average daily volume of 7,363 shares. The stock had previously closed at $22.13.

New York Mortgage Trust Trading Down 0.2 %

The firm’s 50-day moving average price is $22.55 and its 200 day moving average price is $21.64.

New York Mortgage Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st were given a $0.4297 dividend. This represents a $1.72 annualized dividend and a yield of 7.79%. The ex-dividend date was 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.