Looking at the universe of stocks we cover at Dividend Channel, on 3/23/16, New York Mortgage Trust Inc (NYMT - Get Report) will trade ex-dividend, for its quarterly dividend of $0.24, payable on 4/25/16. As a percentage of NYMT's recent stock price of $5.02, this dividend works out to approximately 4.78%, so look for shares of New York Mortgage Trust Inc to trade 4.78% lower — all else being equal — when NYMT shares open for trading on 3/23/16.Below is a dividend history chart for NYMT, showing historical dividends prior to the most recent $0.24 declared by New York Mortgage Trust Inc: In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from NYMT is likely to continue, and whether the current estimated yield of 19.12% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of NYMT shares, versus its 200 day moving average: Looking at the chart above, NYMT's low point in its 52 week range is $3.82 per share, with $8.12 as the 52 week high point — that compares with a last trade of $5.00. According to the ETF Finder at ETF Channel, NYMT makes up 2.15% of the Mortgage REIT Income ETF ( MORT) which is trading lower by about 0.3% on the day Tuesday. According to Preferred Stock Channel, there is a series of preferred stock that is senior to NYMT, which trades under the symbol NYMTP — more info ». In Tuesday trading, New York Mortgage Trust Inc shares are currently off about 0.2% on the day.
More from Stocks
Snap CEO Discusses Trends in Company's Recent Turnaround
Evan Spiegel talked about Snap's stock volatility and the company's long-term vision at a Goldman Sachs conference on Wednesday.
Powell Leaves Bears Just Wishing, Hoping and Praying
This was the fourth major news event in the last 10 days that has barely moved the indices.
Splunk Swings for the Fences With New Pricing Tiers and $150M Venture Fund
The data analytics firm at an event rolled out a number of updates to its data-to-everything platform. President Obama also spoke at the event.