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Sadly, I was right about this one. Wash, rinse, and repeat. NYMT walked the dividend down after the dreaded reverse split and now both the divi and the PPS are about where they were BEFORE the reverse split.
And to make matters worse, their Investor Relations will not return emails. Another RED FLAG.
And once again, NYMT reduces the dividend.
WASH RINSE REPEAT
Well here we go with the wash-rinse-repeat. NYMT lowers the dividend to .30
Thank you, I saw the divi adjust a day after the reverse split. It’s really going to suck if that goes down. Lot invested here.
The dividend will increase to .40 per share after the 1:4 reverse split. (.10 x 4 = .40)
But don't be surprised if NYMT lowers the dividend after a few quarters. Especially if our economy doesn't get back on track. MFA did that exact thing recently.
If they walk the dividend down to where it was pre-split, it's a win for the company but a huge loss for the shareholders. A wash-rinse-repeat sort of thing.
After 12 years in this stock I had to get out.Sold out and walked away with my original investment only.I dripped averaged down did everything just to stay afloat.The employee incentive program trims a dollar off the share price at the beginning of every year.
I’m going to add - the div is solid.
09/16/2022 NYMT announced a $0.10 dividend for common stock.
The dividend will be payable on October 26, 2022 to common stockholders of record as of the close of business on September 26, 2022.
https://www.marketscreener.com/quote/stock/NEW-YORK-MORTGAGE-TRUST-3081571/news/New-York-Mortgage-Trust-Declares-Third-Quarter-2022-Common-Stock-Dividend-Payable-on-October-26-20-41796814/
NYMT Given Consensus Recommendation of "Hold" by Brokerages
https://www.marketbeat.com/instant-alerts/nasdaq-nymt-consensus-analyst-rating-2022-08-2/
Reliable div - cheap PPS entry - I’m not crying - I’m buying
06/17/2022 NYMT announced a $0.10 dividend for common stock.
The dividend will be payable on July 25, 2022 to common stockholders of record as of the close of business on June 27, 2022.
https://finance.yahoo.com/news/york-mortgage-trust-declares-second-200500068.html
Must be mark to fantasy accounting! 2008 X 10!
https://www.wsj.com/articles/smithfield-foods-citing-high-costs-of-operating-in-california-to-close-pork-plant-11654950795
Company is worth 1.2 billion dollars can’t even stay above 3.00.what happened ?
Dividends. But if that ever goes away, then I'm getting another dog.
Why keep dead cat?
NYMT Issued New PFD: Retires Older One, Again
https://seekingalpha.com/article/4483812-new-york-mortgage-trust-new-pfd-retires-older-one
NYMT: Good Opportunity For Growth Investors
https://seekingalpha.com/article/4473021-new-york-mortgage-trust-growth-investors-lets-go-but-income-investors-be-careful
What do you mean by that.
NYMT Reports Third Quarter 2021 Results
https://www.nymtrust.com/news/year/2021/11-02-2021
You will be forced to sell one way or another!
Your asset is not even worth 10% of book value!
https://www.cnbc.com/2021/10/21/china-evergrande-shares-drop-after-hopson-asset-deal-falls-through.html
Highly contagious strain!
Evergrand is in default!
https://www.cnbc.com/2021/09/24/evergrande-debt-crisis-83-million-interest-payment-on-dollar-bond-.html
https://www.reuters.com/world/china/disgruntled-china-evergrande-investors-crowd-headquarters-protest-2021-09-13/
Default provisions are there for a reason!
Bonds are now worth $0.02/$, if you overpay, this is your fault.
Don't plan on taking ownership of the properties as the construction quality is a death trap.
Lehman 2.0!
Yuan:USD 10:1
NYMT Declares Third Quarter Dividend of $0.10
The dividend will be payable on October 25, 2021 to common stockholders of record as of the close of business on September 23, 2021.
https://www.nymtrust.com/news-releases/news-release-details/new-york-mortgage-trust-declares-third-quarter-2021-common-stock
Blue states are BK because of their Dumbocrat policies!
https://www.cnbc.com/2021/09/08/moderate-democrats-want-biden-spending-plan-to-eliminate-salt-cap.html
Executions for those pushing vaccines that don't work!
What did Cramer say now?
Hit it on head. Cramer, who? LOL. I never tune in.
Eviction + Dilution overhang = Cramer jumps off cliff!
I’ve been adding fir the dividend.
It’s usually the opposite of what he spews. By time he talks about stock and he recommends to buy, it’s usually time to sell all positions in it. Opposite if he says to sell.
NYMT Reports Second Quarter 2021 Results
https://www.nymtrust.com/news-releases/news-release-details/new-york-mortgage-trust-reports-second-quarter-2021-results
There's your Cramer confirmation of the sell signal!
https://www.cnbc.com/2021/08/04/jim-cramer-says-he-remains-confident-in-us-economy-despite-covid-delta-surge.html
Probably a really good time to short the preferred shares!!!
It's one of them zombie hydras! How many heads and shoulders do you need?
RIP!
youtube.com/watch?v=Q53Wxx7aLrs
NYMT Declares Second Quarter Dividend of $0.10
(I'm a little surprised they didn't increase it)
Dividend of $0.10 per share on shares of its common stock for the quarter ending June 30, 2021. The dividend will be payable on July 26, 2021 to common stockholders of record as of the close of business on June 24, 2021.
https://www.nymtrust.com/news-releases/news-release-details/new-york-mortgage-trust-declares-second-quarter-2021-common