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New York Mortgage Trust Declares a Pair of Dividends

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Investors are being rewarded for putting their trust in New York Mortgage Trust (NASDAQ: NYMT  ) . The REIT has declared a common stock dividend for its current quarter of $0.27 per share, to be paid on July 25 to shareholders of record as of June 28. That amount matches each of the company's preceding four distributions, the most recent of which was doled out at the end of April. Before that, it paid $0.25 per share.

New York Mortgage Trust will also dispense a payout of $0.22066 per share of its series B 7.75% redeemable preferred stock. The payment date is July 15 for holders of record as of July 1.

The just-declared common stock dividend annualizes to $1.08 per share. That yields 15.3% at New York Mortgage Trust's current market price of $7.05.

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Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On June 18, 2013, at 6:19 PM, FrankJEllis wrote:

    Could you not think of a more negatively connotated expression that "doled out." Seems you do not understand tax law, RIC's, Trusts and requirements to maintain an income tax free status. If YOU, personally, were required to pay out at least 90% of your total taxable income, would YOU say that you "doled out" that amount?

    to give or distribute as a charity —usually used with out

    a giving or distribution of food, money, or clothing to the needy (2) : a grant of government funds to the unemployed b : something distributed at intervals to the needy; also : handout 1 c : something portioned out bit by bit

  • Report this Comment On June 18, 2013, at 10:56 PM, ryanchandler25 wrote:

    Hey Frank,

    Apparently when you looked up the definition of the word dole or doled, you missed the very first definition, which is:

    "one's allotted share, portion, or destiny."

    I think the way the author used the phrase is fully consistent with its meaning.

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9/27/2016 4:00 PM
NYMT $5.96 Down +0.00 +0.00%
New York Mortgage… CAPS Rating: ***