New York Mortgage Trust's Series B Preferred Stock Shares Cross 8% Yield Mark

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.

START SLIDESHOW:
Click here to find out the 50 highest yielding preferreds »

The chart below shows the one year performance of NYMTP shares, versus NYMT:

Performance Comparison Chart

Below is a dividend history chart for NYMTP, showing historical dividend payments on New York Mortgage Trust Inc's 7.75% Series B Cumulative Redeemable Preferred Stock:

NYMTP+Dividend+History+Chart

In Friday trading, New York Mortgage Trust Inc's 7.75% Series B Cumulative Redeemable Preferred Stock ( NYMTP) is currently up about 0.5% on the day, while the common shares ( NYMT) are down about 0.8%.

More from Stocks

Earnings Season Is Simply Out of Control Madness - How Are You Surviving?

Earnings Season Is Simply Out of Control Madness - How Are You Surviving?

Key Numbers for Investors to Watch as Amazon, Microsoft and Intel Report Results

Key Numbers for Investors to Watch as Amazon, Microsoft and Intel Report Results

Facebook, Amazon, Microsoft and Ford - 5 Things You Must Know

Facebook, Amazon, Microsoft and Ford - 5 Things You Must Know

Global Stocks Mixed, U.S. Futures Soften as Earnings, Oil, Rates Cloud Sentiment

Global Stocks Mixed, U.S. Futures Soften as Earnings, Oil, Rates Cloud Sentiment

3 Things We Just Learned About Chip Stocks -- and It's Not All Bad News

3 Things We Just Learned About Chip Stocks -- and It's Not All Bad News