New York Mortgage Trust, Inc. (NASDAQ:NYMTZ) Declares $0.44 Quarterly Dividend

New York Mortgage Trust, Inc. (NASDAQ:NYMTZ) 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 0.4375 per share on Wednesday, January 15th. This represents a $1.75 dividend on an annualized basis and a yield of 8.90%. The ex-dividend date is Tuesday, December 31st.

New York Mortgage Trust Trading Down 0.2 %

NASDAQ NYMTZ traded down $0.04 during trading hours on Wednesday, reaching $19.66. The company had a trading volume of 3,898 shares, compared to its average volume of 7,507. The stock has a 50-day moving average of $20.40 and a 200 day moving average of $19.85. New York Mortgage Trust has a 1-year low of $16.60 and a 1-year high of $21.74.

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.