New York Mortgage Trust Co. (NASDAQ:NYMTN – Get Free Report ) shares rose 0.6% during trading on Friday. The company's shares traded as high as $21.50 and last traded at $21.50. Approximately 4,725 shares were traded during midday trading, down 42% from the average daily trading volume of 8,121 shares. The stock had previously closed at $21.37.
New York Mortgage Trust Price Trends
The stock's 50 day simple moving average is $21.39 and its 200 day simple moving average is $21.63.
New York Mortgage Trust Dividend Announcement
The company also recently declared a quarterly dividend, which is scheduled to be paid on Monday, July 15th. Investors of record as of Monday, July 1st will be paid a $0.50 dividend, with the ex-dividend date being Monday, July 1st. This works out to a $2.00 dividend on an annualized basis, for a dividend yield of 9.30%.
New York Mortgage Trust Company Profile
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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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