New York Mortgage Trust, Inc. (NASDAQ:NYMTL) to Issue Quarterly Dividend of $0.43

New York Mortgage Trust, Inc. (NASDAQ:NYMTL) announced a quarterly dividend on Friday, March 21st, Wall Street Journal reports. Investors of record on Tuesday, April 1st will be given a dividend of 0.4297 per share on Tuesday, April 15th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 7.94%. The ex-dividend date is Tuesday, April 1st.

New York Mortgage Trust Trading Up 0.7 %

Shares of New York Mortgage Trust stock opened at $21.65 on Friday. The firm has a fifty day moving average of $22.01 and a two-hundred day moving average of $22.05. New York Mortgage Trust has a 52 week low of $19.05 and a 52 week high of $23.03.

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.