© Reuters.
NEW YORK – New York Mortgage Trust, Inc. (NASDAQ:NYMT), known as the Company, said Wednesday that its board of directors has declared a regular quarterly cash dividend for its common and preferred shares.
The dividend for common shareholders is set at $0.20 per share for the quarter ending March 31, 2024. This dividend is payable on April 25, 2024 to shareholders of record at the close of business on March 25, 2024.
In addition to the dividend on common shares, the board of directors also declared dividends on several series of preferred shares. Holders of Series D Fixed-Floating Cumulative Redeemable Preferred Stock (8.000%) will receive $0.50 per share, while holders of Fixed-Floating Cumulative Redeemable Preferred Stock of Series E (7.875%) will receive $0.4921875 per share.
The dividend for the 6.875% Series F Fixed-Floating Redeemable Preferred Stock is set at $0.4296875 per share, and the 7.000% Series G Fixed-Floating Redeemable Preferred Stock will receive a dividend of 0. $.4375 per share.
These dividends are for the period beginning on January 15, 2024 and ending on April 14, 2024, with a payment date of April 15, 2024, for shareholders of record on April 1, 2024.
New York Mortgage Trust operates as an internally managed real estate investment trust (REIT), focusing on the acquisition, investment, financing and management of primarily mortgage-related assets, including residential properties single-family and multi-family.
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 results. 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 from New York Mortgage Trust, Inc. and provides shareholders with the latest information on upcoming dividend distributions.
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2024-03-13 20:28:00
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