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

New York Mortgage Trust, Inc. (NASDAQ:NYMTN) declared a quarterly dividend on Wednesday, December 11th,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 dividend on an annualized basis and a yield of 8.83%. The ex-dividend date is Tuesday, December 31st.

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

New York Mortgage Trust Stock Down 0.1 %

NASDAQ NYMTN traded down $0.02 on Wednesday, reaching $22.64. The company had a trading volume of 1,356 shares, compared to its average volume of 9,646. New York Mortgage Trust has a 1 year low of $20.25 and a 1 year high of $23.56. The firm has a 50-day moving average of $22.96 and a 200-day moving average of $22.17.

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.