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NYMTZ - 10% Dividend Yield To Buy At 40% Below Book Value
May, 03 2022 02:00 AM
New York Mortgage Trust Inc. 7.000% Series G Cumulative Redeemable Preferred Stock $0.01 par value per share
When shares trade at a 40% discount to book value, they should have substantial flaws. This REIT isn’t perfect, but it deserves a higher ratio. The 10% dividend yield pays investors to wait for the price to recover. We’ve traded these shares before, so we aren’t afraid to buy them when the discount gets big. We bought shares late last week and you can still get the same price today. For further details see:
10% Dividend Yield To Buy At 40% Below Book Value
Stock Information
Company Name:
New York Mortgage Trust Inc. 7.000% Series G Cumulative Redeemable Preferred Stock $0.01 par value per share
Stock Symbol:
NYMTZ
Market:
NASDAQ
Website:
nymtrust.com
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