New York Mortgage Trust Announces $0.20 Dividend for Shareholders
New York Mortgage Trust Declares Dividend for Shareholders
New York Mortgage Trust, Inc. has made a significant announcement regarding its dividend strategy. The company recently declared a regular quarterly cash dividend of $0.20 per share for its common stock. This dividend pertains to the quarter ending on September 30, 2024, and is a promising indication of the company's commitment to rewarding its shareholders.
Details of the Dividend Declaration
The dividend will be distributed to common stockholders recorded as of the close of business on September 30, 2024, with the payment scheduled to be made on October 28, 2024. This timely dividend declaration reflects the company's ongoing performance and its efforts to maintain shareholder confidence.
Preferred Stock Dividends Announced
In addition to the common stock dividend, New York Mortgage Trust's Board of Directors announced dividends for several classes of its preferred stock. The Series D, E, F, and G Cumulative Redeemable Preferred Stocks will all see cash dividends paid during this dividend period.
Overview of Preferred Stock Dividends
The established dividend period runs from July 15, 2024, until October 14, 2024. Here are the details regarding the preferred stock dividends:
Key Details for Shareholders
- Series D Preferred Stock: The cash dividend per share is set at $0.50, with a record date of October 1, 2024, and a payment date of October 15, 2024.
- Series E Preferred Stock: Shareholders can expect a cash dividend of $0.4921875, also with the same record and payment dates.
- Series F Preferred Stock: A dividend of $0.4296875 is declared for this series, gearing up for the same record and payment dates.
- Series G Preferred Stock: Finally, the cash dividend here stands at $0.4375 per share, following the same timetable as the others.
About New York Mortgage Trust
New York Mortgage Trust, Inc. is classified as a Maryland corporation and operates as a Real Estate Investment Trust (REIT). This classification allows the company to focus on mortgage-related investments, primarily in single-family and multi-family residential assets. Their internal management strategy positions them to effectively navigate the complexities of the market.
Future Directions and Company Strategy
Looking ahead, New York Mortgage Trust is poised to pursue its investment strategies aggressively while maintaining a focus on providing value to its shareholders. As a leading entity in the mortgage investment sector, the company continues to analyze market trends and make strategic investments that align with their long-term goals.
Overall, New York Mortgage Trust stands as a resilient player in the market, demonstrating a consistent approach to dividend payments while actively managing its investment portfolio.
Frequently Asked Questions
What is the amount of the common stock dividend declared?
The common stock dividend declared is $0.20 per share.
When will the preferred stock dividends be paid?
The preferred stock dividends are scheduled to be paid on October 15, 2024.
What is New York Mortgage Trust known for?
New York Mortgage Trust is known for its focus on mortgage-related investments as an internally managed Real Estate Investment Trust (REIT).
How does New York Mortgage Trust manage its investments?
New York Mortgage Trust employs a strategy of acquiring, investing in, financing, and managing primarily mortgage-related assets.
What types of preferred stock does New York Mortgage Trust offer?
New York Mortgage Trust offers Series D, E, F, and G Cumulative Redeemable Preferred Stocks.
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