New York Mortgage Trust (NASDAQ:NYMTM – Get Free Report ) rose 0.1% in midday trading on Friday. The stock traded as high as $24.00 and closed at $23.91. 15,208 shares were traded during trading, up 19% from the session's average trading volume of 12,756 shares. The stock closed the previous day at $23.88.
New York Mortgage Trust Price Trends
The company's 50-day moving average price is $23.73 and its 200-day moving average price is $23.33.
New York Mortgage Trust Dividend Announcement
The company also recently declared a quarterly dividend, which is scheduled to be paid on Monday, July 15. Investors of record on Monday, July 1 will be paid a dividend of $0.4922. The ex-dividend date is Monday, July 1. This works out to an annualized dividend of $1.97, for a dividend yield of 8.23%.
About New York Mortgage Trust
(Get your free report)
New York Mortgage Trust, Inc acquires, invests in, finances and manages mortgage-related single-family and multifamily residential assets in the U.S. Its investments include residential mortgages, including business loans, structured multifamily investments such as multifamily preferred stock and mezzanine loans to owners, non-agency residential mortgage-backed securities (RMBS), agency RMBS, commercial mortgage-backed securities (CMBS), single-family rental properties and other mortgage-, housing- and credit-related assets.
References
Get New York Mortgage Trust News and Ratings Daily – Enter your email address below to receive a concise summary of the latest news and analyst ratings for New York Mortgage Trust and its affiliates every day with MarketBeat.com's free email newsletter.