New York Mortgage Trust Series B Cumulative Redeemable Preferred Stock Yield Pushes Past 9%

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In trading on Tuesday, shares of New York Mortgage Trust Inc's 7.75% Series B Cumulative Redeemable Preferred Stock (Symbol: NYMTP) were yielding above the 9% mark based on its quarterly dividend (annualized to $1.9375), with shares changing hands as low as $21.51 on the day. This compares to an average yield of 7.52% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, NYMTP was trading at a 13.36% discount to its liquidation preference amount, versus the average discount of 3.65% in the "Real Estate" category.

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 Tuesday trading, New York Mortgage Trust Inc's 7.75% Series B Cumulative Redeemable Preferred Stock (Symbol: NYMTP) is currently up about 0.2% on the day, while the common shares (Symbol: NYMT) are up about 0.3%.

Click here to find out the 50 highest yielding preferreds »



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: Investing , Investing Ideas

Referenced Stocks: NYMTP , NYMT

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