New York Mortgage Trust, Inc. Declares Cash Dividend for the Quarter Ending March 31, 2023, Payable on April 26, 2023
March 10, 2023 at 02:36 am IST
Share
New York Mortgage Trust, Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $0.40 per share on shares of its common stock for the quarter ending March 31, 2023. The dividend will be payable on April 26, 2023 to common stockholders of record as of the close of business on March 20, 2023.
New York Mortgage Trust, Inc. is a real estate investment trust (REIT). The Company is engaged in the business of acquiring, investing in, financing, and managing primarily mortgage-related single-family and multi-family residential assets. Its objective is to deliver long-term stable distributions to its stockholder. The Companyâs investment portfolio includes credit sensitive single-family and multi-family assets, as well as more traditional types of fixed-income investments that provide coupon income, such as Agency residential mortgage-backed securities (RMBS). The Companyâs investments include residential loans, including business purpose loans; structured multi-family property investments such as preferred equity in, and mezzanine loans to, owners of multi-family properties; agency RMBS; non-agency RMBS; commercial mortgage-backed security (CMBS), and other mortgage, residential housing and credit-related assets and strategic investments in companies.