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

New York Mortgage Trust, Inc. (NASDAQ:NYMTZ) announced a quarterly dividend on Thursday, March 20th, Wall Street Journal reports. Investors of record on Tuesday, April 1st will be given a dividend of 0.4375 per share on Tuesday, April 15th. This represents a $1.75 annualized dividend and a dividend yield of 9.26%. The ex-dividend date is Tuesday, April 1st.

New York Mortgage Trust Price Performance

NASDAQ NYMTZ opened at $18.89 on Friday. The stock has a 50-day moving average of $19.27 and a two-hundred day moving average of $19.86. New York Mortgage Trust has a 1-year low of $16.90 and a 1-year high of $21.74.

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.