New York Mortgage Trust Co. (NASDAQ:NYMTM – Get Free Report) shares rose 0.1% on Friday. The company's shares traded as high as $24.00 and last traded at $23.91. Approximately 15,208 shares were traded during trading, up 19% from the average daily trading volume of 12,756 shares. The stock last closed at $23.88.
New York Mortgage Trust shares rose 0.1%
The stock's 50 day moving average is $23.73 and its 200 day moving average is $23.33.
New York Mortgage Trust announces dividend
The company also recently declared a quarterly dividend, which is scheduled to be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be paid a dividend of $0.4922 per share. The ex-dividend date for this dividend is Monday, July 1st. This works out to an annualized dividend of $1.97, for a dividend yield of 8.23%.
About New York Mortgage Trust
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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.
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