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

New York Mortgage Trust, Inc. (NASDAQ:NYMTZ) announced a quarterly dividend on Friday, March 21st, Wall Street Journal reports. Shareholders of record on Tuesday, April 1st will be paid a dividend of 0.4375 per share on Tuesday, April 15th. This represents a $1.75 annualized dividend and a yield of 9.22%. The ex-dividend date is Tuesday, April 1st.

New York Mortgage Trust Stock Up 0.2 %

Shares of NYMTZ stock traded up $0.05 during mid-day trading on Friday, hitting $18.99. The company’s stock had a trading volume of 2,870 shares, compared to its average volume of 7,076. New York Mortgage Trust has a 52-week low of $16.90 and a 52-week high of $21.74. The business has a 50-day moving average price of $19.29 and a 200 day moving average price of $19.89.

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.