Dallas, Texas 09/16/2013 (Financialstrend) – New York Mortgage Trust, Inc. (NASDAQ:NYMT) is distributing some new shareholder payouts. The REIT has declared a couple of dividends. One $0.27/share common-stock distribution for the Q3 will be paid on 25 October to holders on record as of 23 September. This amount is on par with its previous five payouts, the most-recent one had been dispensed at July-end.
Apart from this, New York Mortgage Trust, Inc. (NASDAQ:NYMT) has also announced disbursement for the series-B preferred stock. This will be $0.484375 for the 15 July 15- 14 October period. It will be paid on 15 October to shareholders of record as of 1 October. This common-stock dividend annualizes to $1.08/share or a yield of 16.6 percent at the REIT’s current stock-price of $6.51.
The dividend factor
Investing in dividend stocks can be a very lucrative proposition. They can never be on par with the returns that some prominent growth stocks promise but the important thing is that your investment does not sit in a shaky boat. From a long-term perspective, the compounded effect of quarterly-payouts and their regular growth adds up to quite a substantial sum. New York Mortgage Trust, Inc. (NASDAQ:NYMT) is one such rock solid dividend-paying REIT that has steady investors who trust that it will provide them with steady returns.
Friday’s trading
In Friday’s trading, New York Mortgage Trust, Inc. (NASDAQ:NYMT) stock rose 3.17%. The opening price of the shares was $6.37 which touched an intraday high of $6.57 and closed at $6.51. Approximately 1.29 million shares were traded on Friday while the average volume of shares traded over 30 days was 0.882 million. The company has a market cap of $415.04 million.
New York Mortgage Trust, Inc. (NASDAQ:NYMT) along with its consolidated subsidiaries, is a self advised REIT. It is involved in the acquisition and managing of mainly hybrid adjustable rate, residential adjustable rate and fixed-rate mortgage-backed government-backed securities.
