New York Mortgage Trust (NYMT) Lowers Quarterly Dividend 11.1% to $0.24; 14.4% Yield

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Go back to New York Mortgage Trust (NYMT) Lowers Quarterly Dividend 11.1% to $0.24; 14.4% Yield

New York Mortgage Trust Declares Third Quarter 2015 Common Stock Dividend of $0.24 Per Share, and Preferred Stock Dividends

September 18, 2015 4:10 PM EDT

NEW YORK, Sept. 18, 2015 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq: NYMT) (the Company) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.24 per share on shares of its common stock for the quarter ending September 30, 2015. The dividend will be payable on October 26, 2015 to common stockholders of record as of September 28, 2015.

In accordance with the terms of the 7.75% Series B Cumulative Redeemable Preferred Stock (Series B Preferred Stock) of the Company, the Board of Directors declared a Series B Preferred Stock cash dividend of... More