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 8% mark based on its quarterly dividend (annualized to $1.9375), with shares changing hands as low as $23.95 on the day. This compares to an average yield of 6.83% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, NYMTP was trading at a 2.56% discount to its liquidation preference amount, versus the average premium of 1.07% in the "Real Estate" category.
New York Mortgage Trust's Series B Preferred Stock Shares Cross 8% Yield Mark
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