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

New York Mortgage Trust, Inc. (NASDAQ:NYMTN) announced a quarterly dividend on Friday, March 21st, Wall Street Journal reports. Shareholders of record on Tuesday, April 1st will be paid a dividend of 0.50 per share on Tuesday, April 15th. This represents a $2.00 dividend on an annualized basis and a yield of 8.90%. The ex-dividend date of this dividend is Tuesday, April 1st.

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 Down 0.5 %

Shares of NYMTN opened at $22.48 on Friday. The firm’s 50 day moving average is $22.69 and its 200-day moving average is $22.77. New York Mortgage Trust has a 12-month low of $20.25 and a 12-month high of $23.56.

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.