New York Mortgage Trust, Inc. Announces Quarterly Dividend of $0.50 (NASDAQ:NYMTN)

New York Mortgage Trust, Inc. (NASDAQ:NYMTN) declared a quarterly dividend on Tuesday, December 10th,Wall Street Journal reports. Shareholders of record on Wednesday, January 1st will be given a dividend of 0.50 per share on Wednesday, January 15th. This represents a $2.00 annualized dividend and a yield of 9.07%. The ex-dividend date is Tuesday, December 31st.

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

New York Mortgage Trust Stock Down 2.5 %

Shares of NYMTN opened at $22.04 on Friday. New York Mortgage Trust has a 1 year low of $20.25 and a 1 year high of $23.56. The company has a 50 day simple moving average of $22.75 and a two-hundred day simple moving average of $22.25.

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.