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

In trading on Wednesday, 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 $23.80 on the day. This compares to an average yield of 6.97% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, NYMTP was trading at a 0.84% discount to its liquidation preference amount, versus the average premium of 2.80% in the "Real Estate" category.

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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 Wednesday trading, New York Mortgage Trust Inc's 7.75% Series B Cumulative Redeemable Preferred Stock ( NYMTP) is currently off about 1.2% on the day, while the common shares ( NYMT) are down about 2.7%.