Shares of New York Mortgage Trust, Inc. (NASDAQ:NYMTL – Get Free Report) were down 0.3% during mid-day trading on Friday . The stock traded as low as $20.19 and last traded at $20.25. Approximately 2,552 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 9,139 shares. The stock had previously closed at $20.31.
New York Mortgage Trust Price Performance
The company’s fifty day moving average is $19.68 and its 200-day moving average is $19.18.
New York Mortgage Trust Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 1st will be issued a $0.4297 dividend. This represents a $1.72 annualized dividend and a yield of 8.49%. The ex-dividend date is Thursday, March 28th.
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.
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