New York Mortgage Trust (NASDAQ:NYMTL) Trading 0.5% Higher

Shares of New York Mortgage Trust, Inc. (NASDAQ:NYMTL) were up 0.5% during mid-day trading on Wednesday . The company traded as high as $19.13 and last traded at $19.01. Approximately 2,339 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 8,149 shares. The stock had previously closed at $18.92.

New York Mortgage Trust Price Performance

The firm’s 50 day simple moving average is $18.43 and its two-hundred day simple moving average is $18.26.

New York Mortgage Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, October 15th. Investors of record on Sunday, October 1st were paid a dividend of $0.4297 per share. The ex-dividend date was Thursday, September 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 9.20%.

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.