NEW YORK - New York Mortgage (NASDAQ:NYMT) Trust, Inc. (NASDAQ:NYMT), known as the Company, disclosed on Wednesday that its Board of Directors has declared a regular quarterly cash dividend for its common and preferred stocks.
The dividend for common stockholders is set at $0.20 per share for the quarter ending March 31, 2024. This dividend is payable on April 25, 2024, to stockholders of record by the close of business on March 25, 2024.
In addition to the common stock dividend, the Board has also declared dividends on several series of preferred stock. Stockholders of the 8.000% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock will receive $0.50 per share, while holders of the 7.875% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock will get $0.4921875 per share.
The dividend for the 6.875% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock is set at $0.4296875 per share, and the 7.000% Series G Cumulative Redeemable Preferred Stock will have a dividend of $0.4375 per share.
These dividends are for the period beginning January 15, 2024, and ending April 14, 2024, with a payment date of April 15, 2024, for stockholders on record as of April 1, 2024.
New York Mortgage Trust operates as an internally managed real estate investment trust (REIT), focusing on acquiring, investing in, financing, and managing primarily mortgage-related assets, including both single-family and multi-family residential properties.
The Company's forward-looking statements indicate that these dividend declarations are subject to various risks and uncertainties that could cause actual results to differ materially from projected outcomes. Factors such as changes in investment strategy, interest rates, credit spreads, and market volatility, among others, could influence future performance and dividend payments.
This announcement is based on a press release statement from New York Mortgage Trust, Inc. and provides stockholders with the latest information on their upcoming dividend distributions.
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