New York Stock To Go Ex-dividend Tomorrow (NYMT)

NEW YORK ( TheStreet) -- The ex-dividend date for New York Mortgage (Nasdaq: NYMT) is tomorrow, June 21, 2012. Owners of shares as of market close today will be eligible for a dividend of 27 cents per share. At a price of $7.10 as of 9:30 a.m. ET, the dividend yield is 15.4%.

The average volume for New York has been 149,300 shares per day over the past 30 days. New York has a market cap of $99.7 million and is part of the financial sector and real estate industry. Shares are down 1.9% year to date as of the close of trading on Tuesday.

New York Mortgage Trust, Inc., a real estate investment trust (REIT), engages in acquiring, investing in, financing, and managing mortgage-related and financial assets in the Untied States. The company has a P/E ratio of 4.1, below the average real estate industry P/E ratio of 10.8 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 robust revenue growth, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including 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.