New York Mortgage Trust Series B Cumulative Redeemable Preferred Stock Shares Cross 9% Yield Mark
May 04, 2018 at 14:07 PM EDT
In trading on Friday, shares of New York Mortgage Trust Inc's 7.75% Series B Cumulative Redeemable Preferred Stock (NYMTP) were yielding above the 9% mark based on its quarterly dividend (annualized to $1.9375), with shares changing hands as low as $20.35 on the day. This compares to an average yield of 6.92% in the "Real Estate" preferred stock category, according to Preferred Stock Channel..