New York Mortgage Trust, Inc. (NYMTN) to Issue Quarterly Dividend of $0.50 on April 15th

New York Mortgage Trust, Inc. (NASDAQ:NYMTN) declared a quarterly dividend on Thursday, March 20th, Wall Street Journal reports. Investors 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 annualized dividend and a dividend yield of 8.97%. The ex-dividend date is Tuesday, April 1st.

New York Mortgage Trust has raised its dividend by an average of 2.6% annually over the last three years.

New York Mortgage Trust Stock Down 0.9 %

NYMTN opened at $22.31 on Friday. New York Mortgage Trust has a 52 week low of $20.25 and a 52 week high of $23.56. The business’s fifty day simple moving average is $22.73 and its 200 day simple moving average is $22.77.

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.