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

New York Mortgage Trust, Inc. (NASDAQ:NYMTZ – Get Rating) announced a quarterly dividend on Wednesday, June 22nd, Wall Street Journal reports. Shareholders of record on Friday, July 1st will be given a dividend of 0.4375 per share on Friday, July 15th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 9.03%. The ex-dividend date of this dividend is Thursday, June 30th.

NYMTZ stock opened at $19.37 on Thursday. The company’s 50-day moving average is $20.80. New York Mortgage Trust has a twelve month low of $19.00 and a twelve month high of $25.01.

About New York Mortgage Trust (Get Rating)

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, second mortgages, and business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties, as well as joint venture equity investments in multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); and other mortgage, residential housing, and credit-related assets.

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