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

New York Mortgage Trust, Inc. (NASDAQ:NYMTN) declared a quarterly dividend on Friday, June 21st, Wall Street Journal reports. Investors of record on Monday, July 1st will be paid a dividend of 0.50 per share on Monday, July 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 9.13%. The ex-dividend date is Monday, July 1st.

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

New York Mortgage Trust Stock Down 0.0 %

Shares of NYMTN stock traded down $0.01 on Friday, hitting $21.90. 1,750 shares of the stock traded hands, compared to its average volume of 8,045. New York Mortgage Trust has a 52 week low of $18.71 and a 52 week high of $22.60. The firm has a 50 day simple moving average of $21.38 and a two-hundred day simple moving average of $21.59.

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.