NEW YORK ( TheStreet) -- The ex-dividend date for New York Mortgage (Nasdaq: NYMT) is tomorrow, December 22, 2011. Owners of shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $7.25 as of 9:30 a.m. ET, the dividend yield is 13.7%.

The average volume for New York has been 104,300 shares per day over the past 30 days. New York has a market cap of $81.7 million and is part of the financial sector and real estate industry. Shares are up 3.9% year to date as of the close of trading on Tuesday.

New York Mortgage Trust, Inc., together with its subsidiaries, operates as a real estate investment trust (REIT) in the United States. The company engages in acquiring, investing, financing, and managing mortgage-related assets. The company has a P/E ratio of 9.4, above the average real estate industry P/E ratio of 8.9 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates New York as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally poor debt management and poor profit margins. You can view the full New York Ratings Report.

See our dividend calendar or top-yielding stocks list.
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