New York Mortgage Trust, Inc. (NYMTL) to Issue Quarterly Dividend of $0.43 on April 15th

New York Mortgage Trust, Inc. (NASDAQ:NYMTL) announced a quarterly dividend on Thursday, March 20th, Wall Street Journal reports. Stockholders of record on Tuesday, April 1st will be paid a dividend of 0.4297 per share on Tuesday, April 15th. This represents a $1.72 annualized dividend and a dividend yield of 7.90%. The ex-dividend date of this dividend is Tuesday, April 1st.

New York Mortgage Trust Stock Performance

Shares of NYMTL opened at $21.77 on Friday. New York Mortgage Trust has a 12-month low of $19.05 and a 12-month high of $23.03. The stock’s 50-day moving average price is $21.99 and its 200 day moving average price is $22.09.

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.