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

New York Mortgage Trust, Inc. (NASDAQ:NYMTM) declared a quarterly dividend on Tuesday, June 18th, Wall Street Journal reports. Investors of record on Monday, July 1st will be given a dividend of 0.4922 per share on Monday, July 15th. This represents a $1.97 dividend on an annualized basis and a dividend yield of 8.25%. The ex-dividend date of this dividend 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 0.3 %

New York Mortgage Trust stock opened at $23.86 on Friday. The stock’s 50 day moving average is $23.65 and its 200 day moving average is $23.32. New York Mortgage Trust has a one year low of $20.86 and a one year high of $23.99.

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.