New York Mortgage Trust Declares Fourth Quarter 2017 Common Stock Dividend of $0.20 Per Share, and Preferred Stock Dividends
Date : 12/07/2017 @ 4:01PM
Source : GlobeNewswire Inc.
Stock : New York Mortgage Trust, Inc. (NYMT)
Quote : 6.05 0.05 (0.83%) @ 8:00PM
New York Mortgage Trust Declares Fourth Quarter 2017 Common Stock Dividend of $0.20 Per Share, and Preferred Stock Dividends
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New York Mortgage Trust, Inc. (NASDAQ:NYMT)
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New York Mortgage Trust, Inc. (Nasdaq:NYMT) (the “Company”) announced today that its Board of Directors (the “Board”) declared a regular quarterly cash dividend of $0.20 per share on shares of its common stock for the quarter ending December 31, 2017. The dividend will be payable on January 25, 2018 to common stockholders of record as of December 18, 2017.
In accordance with the terms of the 7.75% Series B Cumulative Redeemable Preferred Stock (“Series B Preferred Stock”) of the Company, the Board declared a Series B Preferred Stock cash dividend of $0.484375 per share of Series B Preferred Stock for the quarterly period that began on October 15, 2017 and ends on January 14, 2018. This dividend is payable on January 15, 2018 to holders of record of Series B Preferred Stock as of January 1, 2018.
In accordance with the terms of the 7.875% Series C Cumulative Redeemable Preferred Stock ("Series C Preferred Stock") of the Company, the Board declared a Series C Preferred Stock cash dividend of $0.4921875 per share of Series C Preferred Stock for the quarterly period that began on October 15, 2017 and ends on January 14, 2018. This dividend is payable on January 15, 2018 to holders of record of Series C Preferred Stock as of January 1, 2018.
In accordance with the terms of the 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock ("Series D Preferred Stock") of the Company, the Board declared a Series D Preferred Stock cash dividend of $0.51111 per share of Series D Preferred Stock for the period that began on October 13, 2017 and ends on January 14, 2018. This dividend is payable on January 15, 2018 to holders of record of Series D Preferred Stock as of January 1, 2018.
About New York Mortgage Trust
New York Mortgage Trust, Inc. is a Maryland corporation that has elected to be taxed as a real estate investment trust for federal income tax purposes (“REIT”). NYMT is an internally managed REIT in the business of acquiring, investing in, financing and managing mortgage-related and residential housing-related assets and financial assets and targets residential mortgage loans, including second mortgages and loans sourced from distressed markets, multi-family CMBS, direct financing to owners of multi-family properties through mezzanine loans and preferred equity investments, other commercial and residential real estate-related investments, Non-Agency RMBS and Agency RMBS. The Midway Group, L.P. and Headlands Asset Management, LLC provide investment management services to the Company with respect to certain of its asset classes.
