Tuesday Is Your Last Chance To Buy New York Mortgage Trust Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
New York Mortgage Trust (NASDAQ:NYMT) announced it will pay a quarterly dividend of 30 cents per share. To be eligible for the dividend, shareholders must own the stock before the ex-dividend date, which is Wednesday. The dividend will be paid out on October 26, 2023.
September 15, 2023 | 2:45 pm
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NYMT announced a 30 cents per share dividend. Shareholders must own the stock before Wednesday to be eligible. The dividend will be paid on October 26, 2023.
The announcement of a dividend payout is generally a positive news for shareholders. However, the stock price typically drops by about the amount of the dividend on the ex-dividend date. In this case, the stock is expected to open 30 cents lower on Wednesday. Therefore, the short-term impact on the stock price is neutral.
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