New York Mortgage Trust, Inc. (NASDAQ:NYMTM) Raises Dividend to $0.69 Per Share

New York Mortgage Trust, Inc. (NASDAQ:NYMTM) declared a quarterly dividend on Friday, March 21st, 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 dividend on an annualized basis and a dividend yield of 11.09%. The ex-dividend date of this dividend 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 raised its dividend payment by an average of 2.6% annually over the last three years.

New York Mortgage Trust Price Performance

New York Mortgage Trust stock traded up $0.01 during trading hours on Friday, reaching $24.78. The company had a trading volume of 38,707 shares, compared to its average volume of 16,314. New York Mortgage Trust has a 12-month low of $22.12 and a 12-month high of $25.39. The company has a 50-day moving average price of $25.07 and a 200 day moving average price of $24.82.

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.