New York Mortgage Trust's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
New York Mortgage Trust (NASDAQ:NYMT) announced a quarterly dividend of 20 cents per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday are eligible for the dividend, which will be paid on January 26, 2024. The stock is expected to open 20 cents lower on the ex-dividend date to reflect the payout.
December 19, 2023 | 2:45 pm
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New York Mortgage Trust will pay a quarterly dividend of 20 cents per share, with shares expected to open lower by the dividend amount on the ex-dividend date.
The stock price of NYMT is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the market adjusts for the payout. This is a common occurrence when stocks go ex-dividend.
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