New York Mortgage Trust, Inc. to Issue Quarterly Dividend of $0.43 (NASDAQ:NYMTL)

New York Mortgage Trust, Inc. (NASDAQ:NYMTL) declared a quarterly dividend on Wednesday, December 11th,Wall Street Journal reports. Investors of record on Wednesday, January 1st will be paid a dividend of 0.4297 per share on Wednesday, January 15th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 7.51%. The ex-dividend date is Tuesday, December 31st.

New York Mortgage Trust Stock Up 2.0 %

Shares of NYMTL stock traded up $0.45 during trading on Wednesday, reaching $22.88. The company had a trading volume of 7,217 shares, compared to its average volume of 8,495. The firm’s 50 day simple moving average is $22.12 and its two-hundred day simple moving average is $21.10. New York Mortgage Trust has a one year low of $18.89 and a one year high of $22.92.

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.