NYMT dividend calculator – New York Mortgage Trust Cuts Quarterly Dividend by 25% to $0.30/Share
June 12, 2023
☀️Trending News
New York Mortgage ($NASDAQ:NYMT) Trust recently announced a 25% cut in their quarterly dividend to $0.30 per share. The dividend cut comes due to the economic difficulties that have arisen from the coronavirus pandemic. NEW YORK MORTGAGE TRUST is a real estate investment trust that specializes in investing in residential mortgage-backed securities, residential mortgage loans, and other financial assets.
The trust is headquartered in New York City and is publicly traded on the Nasdaq Global Select Market under the symbol NYMT. With the current dividend cut, New York Mortgage Trust will continue to focus on preserving capital and maintaining financial strength in order to ensure that it can best serve its shareholders and other stakeholders over the long-term.
Dividends – NYMT dividend calculator
Going forward, the dividend yields over the next three years will be 15.6%, 13.69%, and 9.09%, respectively, with an average dividend yield of 12.79%. With its current yields and quarterly dividend, NYMT could be an attractive option for those seeking some stability in their portfolio. Investors should research the company’s financials and management before investing to ensure the best return on their investment.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for NYMT. More…
| Total Revenues | Net Income | Net Margin |
| 123.84 | -245.71 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NYMT. More…
| Operations | Investing | Financing |
| 91.78 | -508.77 | 460.07 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for NYMT. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.17k | 4.35k | 13.16 |
Key Ratios Snapshot
Some of the financial key ratios for NYMT are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – NYMT Intrinsic Stock Value
We at GoodWhale recently conducted an analysis of NEW YORK MORTGAGE TRUST’s wellbeing. After thoroughly analyzing the company’s financial statements and performance, our proprietary Valuation Line calculated the intrinsic value of NEW YORK MORTGAGE TRUST share to be around $10.3. We believe this to be a fair price for the stock, considering that it is currently traded at $10.2. With the current market conditions, we think that investing in NEW YORK MORTGAGE TRUST could be a lucrative opportunity. More…
Peers
The competition between New York Mortgage Trust Inc and its competitors, Ellington Residential Mortgage REIT, AGNC Investment Corp, and Cherry Hill Mortgage Investment Corp, is intense. Each company is vying to offer the best mortgage products and services to their customers, in a bid to remain competitive in the industry. With a commitment to quality, these companies are striving to set the standard for excellence in the mortgage industry.
– Ellington Residential Mortgage REIT ($NYSE:EARN)
Ellington Residential Mortgage REIT is a publicly traded mortgage real estate investment trust (REIT) based in Old Greenwich, Connecticut. As of 2022, the company has a market capitalization of $92.05 million. The company specializes in investing in residential mortgage-backed securities and mortgage-related assets, such as residential mortgage loans, mortgage servicing rights, and other financial instruments. The company’s objective is to generate attractive risk-adjusted returns for its shareholders by actively managing these investments. It also provides services to assist in the management of residential mortgage-backed securities and other mortgage-related assets.
– AGNC Investment Corp ($NASDAQ:AGNC)
AGNC Investment Corp is a real estate investment trust (REIT) specializing in residential mortgage loans and mortgage-backed securities. As of 2022, the company has a market cap of 5.99 billion dollars, making it one of the largest REITs in the United States. AGNC invests primarily in agency-issued mortgage-backed securities, which are secured by government-sponsored entities such as Fannie Mae and Freddie Mac. The company also invests in other debt instruments and equity securities, as well as non-agency mortgage-backed securities. AGNC has a long track record of providing investors with attractive dividend yields and capital gains potential through its portfolio of high-quality investments.
– Cherry Hill Mortgage Investment Corp ($NYSE:CHMI)
Cherry Hill Mortgage Investment Corp is a real estate investment trust (REIT) that invests in mortgage-backed securities. The company’s market capitalization is 121.95 million as of 2022. This market capitalization is based on the company’s outstanding shares and stock price. Cherry Hill Mortgage Investment Corp is focused on providing financing to residential real estate markets and is a leading provider of residential mortgage loans in the United States. The company’s portfolio consists of mortgage-backed securities, residential whole loans, and loan servicing rights. The company’s objective is to generate attractive risk-adjusted returns to its shareholders.
Summary
This is an indication that the company is having difficulty in generating the cash flows necessary to sustain its current dividend payout rate. Investors should carefully analyze NYMT’s financial statements and assess the company’s ability to maintain its current dividend or restore the reduced dividend rate in the future. Furthermore, investors should also consider NYMT’s competitive position in the mortgage trust industry and potential risks such as rising interest rates. It is important to remember that investing in NYMT involves significant risk and there is no guarantee that the dividend will remain steady or increase over time.
