New York Mortgage Trust (NASDAQ:NYMTM) Shares Up 0.2% – Here’s What Happened

New York Mortgage Trust, Inc. (NASDAQ:NYMTM)’s share price shot up 0.2% during trading on Friday . The company traded as high as $24.69 and last traded at $24.66. 6,839 shares traded hands during trading, a decline of 64% from the average session volume of 19,258 shares. The stock had previously closed at $24.62.

New York Mortgage Trust Stock Performance

The firm has a fifty day simple moving average of $24.20 and a two-hundred day simple moving average of $24.76.

New York Mortgage Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were issued a $0.687 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This is a positive change from New York Mortgage Trust’s previous quarterly dividend of $0.49. This represents a $2.75 dividend on an annualized basis and a dividend yield of 11.14%.

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.