New York Mortgage Trust, Inc. Announces Quarterly Dividend of $0.49 (NASDAQ:NYMTM)

New York Mortgage Trust, Inc. (NASDAQ:NYMTM) announced a quarterly dividend on Wednesday, December 11th,Wall Street Journal reports. Shareholders of record on Wednesday, January 1st will be given a dividend of 0.4922 per share on Wednesday, January 15th. This represents a $1.97 annualized dividend and a dividend yield of 7.82%. The ex-dividend date is Tuesday, December 31st.

New York Mortgage Trust has raised its dividend payment by an average of 0.8% annually over the last three years.

New York Mortgage Trust Trading Down 0.2 %

New York Mortgage Trust stock traded down $0.04 during mid-day trading on Wednesday, hitting $25.17. 4,605 shares of the company traded hands, compared to its average volume of 14,966. The stock has a fifty day moving average price of $24.73 and a 200-day moving average price of $24.16. New York Mortgage Trust has a one year low of $22.12 and a one year high of $25.28.

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.