New York Mortgage Trust, Inc. (NASDAQ:NYMTN) Announces $0.50 Quarterly Dividend

New York Mortgage Trust, Inc. (NASDAQ:NYMTN) declared a quarterly dividend on Wednesday, March 13th, Wall Street Journal reports. Investors of record on Monday, April 1st will be paid a dividend of 0.50 per share on Monday, April 15th. This represents a $2.00 annualized dividend and a yield of 8.88%. The ex-dividend date is Thursday, March 28th.

New York Mortgage Trust Trading Down 0.0 %

New York Mortgage Trust stock opened at $22.52 on Wednesday. The business’s 50-day simple moving average is $21.88 and its 200-day simple moving average is $20.90. New York Mortgage Trust has a 52 week low of $17.90 and a 52 week high of $22.53.

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.