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

New York Mortgage Trust, Inc. (NASDAQ:NYMTL) announced a quarterly dividend on Thursday, September 19th, Wall Street Journal reports. Shareholders of record on Tuesday, October 1st will be given a dividend of 0.4297 per share on Tuesday, October 15th. This represents a $1.72 annualized dividend and a yield of 7.90%. The ex-dividend date is Tuesday, October 1st.

New York Mortgage Trust Stock Performance

Shares of NASDAQ NYMTL traded down $0.09 during midday trading on Friday, hitting $21.76. The company’s stock had a trading volume of 6,448 shares, compared to its average volume of 8,625. The stock has a fifty day moving average price of $20.87 and a 200 day moving average price of $20.30. New York Mortgage Trust has a one year low of $17.55 and a one year high of $21.95.

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.