US LNG exports surge but will buyers in China turn up?
New York Mortgage Trust (NASDAQ:NYMT) stock has reached a 52-week low, dipping to $5.13, as investors navigate a challenging economic landscape. With a market capitalization of $466M and a beta of 1.51, the stock shows higher volatility than the broader market. InvestingPro analysis indicates the stock is currently in oversold territory. The decline marks a significant shift from the previous year, with the company's stock experiencing a 1-year change of -24.03%. Despite these challenges, NYMT maintains a remarkable 22-year streak of dividend payments, currently yielding 14.87%. This downturn reflects broader market trends and investor sentiment, as NYMT grapples with the headwinds affecting the real estate financing sector. The 52-week low serves as a critical indicator for the company's performance and investor expectations moving forward. InvestingPro subscribers can access 8 additional key insights and a comprehensive Pro Research Report for deeper analysis of NYMT's future prospects.
In other recent news, New York Mortgage Trust announced its dividend plans for the first quarter of 2025. The company declared a regular quarterly cash dividend of $0.20 per share on its common stock, payable on April 28, 2025, to shareholders of record as of March 31, 2025. Additionally, the Board of Directors approved cash dividends on its preferred stock for the period from January 15, 2025, to April 14, 2025. The dividends for the preferred stock are set at $0.50 for Series D, $0.687036875 for Series E, $0.4296875 for Series F, and $0.4375 for Series G. These payments will be made to holders on record as of April 1, 2025, with payouts scheduled for April 15, 2025. The company's commitment to dividend payments reflects its operational strategy and dedication to returning value to shareholders. New York Mortgage Trust emphasizes that these forward-looking statements are based on current management estimates and may be subject to risks and uncertainties. The declaration is part of the company's ongoing financial activities and decisions.
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