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

New York Mortgage Trust, Inc. (NASDAQ:NYMTM) declared a quarterly dividend on Thursday, September 19th, Wall Street Journal reports. Stockholders of record on Tuesday, October 1st will be given a dividend of 0.4922 per share on Tuesday, October 15th. This represents a $1.97 annualized dividend and a dividend yield of 8.04%. The ex-dividend date of this dividend is Tuesday, October 1st.

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

New York Mortgage Trust Stock Performance

NASDAQ:NYMTM opened at $24.50 on Monday. New York Mortgage Trust has a one year low of $20.86 and a one year high of $24.55. The firm’s 50 day simple moving average is $23.86 and its 200 day simple moving average is $23.64.

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.