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NEW YORK ( TheStreet) -- The ex-dividend date for New York Mortgage (Nasdaq: NYMT) is tomorrow, March 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $7 as of 9:30 a.m. ET, the dividend yield is 14.2%. The average volume for New York has been 155,700 shares per day over the past 30 days. New York has a market cap of $79.1 million and is part of the financial sector and real estate industry. Shares are down 2.9% year to date as of the close of trading on Friday. 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 4.4, below the average real estate industry P/E ratio of 8.6 and below the S&P 500 P/E ratio of 17.7.