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

New York Mortgage Trust, Inc. (NASDAQ:NYMTL) announced a quarterly dividend on Friday, March 21st, Wall Street Journal reports. Investors of record on Tuesday, April 1st will be given a dividend of 0.4297 per share on Tuesday, April 15th. This represents a $1.72 annualized dividend and a yield of 7.96%. The ex-dividend date is Tuesday, April 1st.

New York Mortgage Trust Stock Performance

New York Mortgage Trust stock traded up $0.10 during midday trading on Friday, reaching $21.60. 8,099 shares of the stock traded hands, compared to its average volume of 11,758. The company has a 50-day simple moving average of $22.02 and a two-hundred day simple moving average of $22.04. New York Mortgage Trust has a 12-month low of $19.05 and a 12-month high of $23.03.

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.