New York Mortgage Trust's Series B Preferred Stock Crosses Above 9.5% Yield Territory
September 09, 2020 at 14:29 PM EDT
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 9.5% mark based on its quarterly dividend (annualized to $1.9375), with shares changing hands as low as $20.28 on the day. This compares to an average yield of 7.68% in the "Real Estate" preferred stock category, according to Preferred Stock Channel..