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

New York Mortgage Trust, Inc. (NASDAQ:NYMTN) announced a quarterly dividend on Thursday, September 19th, Wall Street Journal reports. Investors of record on Tuesday, October 1st will be paid a dividend of 0.50 per share on Tuesday, October 15th. This represents a $2.00 annualized dividend and a yield of 8.58%. The ex-dividend date of this dividend is Tuesday, October 1st.

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

New York Mortgage Trust Stock Up 0.6 %

New York Mortgage Trust stock opened at $23.30 on Monday. New York Mortgage Trust has a 52-week low of $18.71 and a 52-week high of $23.34. The firm’s fifty day moving average is $21.87 and its 200 day moving average is $21.66.

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.