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flag New York Mortgage Trust hikes dividend by 39.6%, set to pay $0.69 per share on April 15th.

flag New York Mortgage Trust (NYMTM) has announced a significant 39.6% increase in its dividend to $0.69 per share, payable on April 15th to shareholders on record as of April 1st. flag This boost brings the annualized dividend to $2.75, with a yield of 11.09%. flag NYMTM has been increasing its dividend by an average of 2.6% per year over the past three years. flag The stock price rose to $24.78 on March 21st, within a one-year range of $22.12 to $25.39.

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