New York Mortgage Trust (NASDAQ:NYMTZ) Stock Price Down 0.3% – What’s Next?

New York Mortgage Trust, Inc. (NASDAQ:NYMTZ) fell 0.3% on Wednesday . The company traded as low as $18.52 and last traded at $18.70. 1,785 shares were traded during mid-day trading, a decline of 70% from the average session volume of 5,913 shares. The stock had previously closed at $18.75.

New York Mortgage Trust Price Performance

The firm has a 50-day moving average of $18.22 and a 200-day moving average of $18.86.

New York Mortgage Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be paid a $0.4375 dividend. This represents a $1.75 annualized dividend and a dividend yield of 9.36%. The ex-dividend date is Tuesday, July 1st.

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.