New York Mortgage Trust announces quarterly dividend

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New York Mortgage($NASDAQ:NYMT) Trust has announced that it will be paying a quarterly dividend of $0.10 per share, which is in line with its previous dividend payments. New York Mortgage Trust is a real estate investment trust that focuses on investing in residential mortgage loans and mortgage-backed securities. The company has a diversified portfolio of investments and is one of the largest issuers of residential mortgage-backed securities in the United States. New York Mortgage Trust has a history of paying dividends and is committed to providing shareholders with regular income and long-term capital appreciation.

Dividends

This is in addition to the dividends of 0.4 USD and 0.22 USD that were issued for the last two years. The dividend yields from 2020 to 2022 are 7.42%, 9.09%, 11.27%, and the three-year average dividend yield is 9.26%. If you are looking for dividend stocks, you may want to add NEW YORK MORTGAGE TRUST to your list of considerations.

Price History

The stock has been volatile in recent weeks, but has generally been trending downward since early August.

VI Analysis

Its fundamentals reflect its long-term potential. Based on the VI Star Chart, New York Mortgage Trust is strong in asset, and medium in dividend, growth, profitability. New York Mortgage Trust is classified as ‘cow’, a type of company that has the track record of paying out consistent and sustainable dividends. Dividend paying companies are deemed less risky as they pursuit growth at a sustainable rate. New York Mortgage Trust has an intermediate health score of 5/10 considering its cashflows and debt, which means it might be able to safely ride out any crisis without the risk of bankruptcy.

Summary

“We are very pleased to once again declare a quarterly cash dividend,” said Steven Mumma, Chief Executive Officer of New York Mortgage Trust. As always, our future dividend declarations will be subject to our Board’s evaluation of our business and financial condition, as well as other factors.”.