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

New York Mortgage Trust, Inc. (NASDAQ:NYMTZ) declared a quarterly dividend on Wednesday, December 11th,Wall Street Journal reports. Investors of record on Wednesday, January 1st will be given a dividend of 0.4375 per share on Wednesday, January 15th. This represents a $1.75 annualized dividend and a dividend yield of 8.90%. The ex-dividend date of this dividend is Tuesday, December 31st.

New York Mortgage Trust Stock Performance

NASDAQ:NYMTZ traded down $0.04 during trading hours on Wednesday, reaching $19.66. 3,898 shares of the company were exchanged, compared to its average volume of 7,507. The stock’s 50-day moving average is $20.40 and its 200-day moving average is $19.85. New York Mortgage Trust has a twelve month low of $16.60 and a twelve month high of $21.74.

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.