New York Mortgage Trust (NASDAQ:NYMTL) Stock Price Down 0.3%

New York Mortgage Trust, Inc. (NASDAQ:NYMTL)’s share price fell 0.3% during mid-day trading on Friday . The company traded as low as $20.19 and last traded at $20.25. 2,552 shares changed hands during trading, a decline of 72% from the average session volume of 9,139 shares. The stock had previously closed at $20.31.

New York Mortgage Trust Trading Down 0.3 %

The stock’s fifty day moving average price is $19.68 and its 200-day moving average price is $19.18.

New York Mortgage Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, April 1st will be issued a dividend of $0.4297 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 8.49%. The ex-dividend date of this dividend is Thursday, March 28th.

New York Mortgage Trust Company Profile

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.