New York Mortgage Trust's Series B Preferred Stock Yield Pushes Past 8%

In trading on Wednesday, shares of New York Mortgage Trust Inc's 7.75% Series B Cumulative Redeemable Preferred Stock (NYMTP) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.9375), with shares changing hands as low as $24.07 on the day. This compares to an average yield of 7.06% in the "Real Estate" preferred stock category, according to Preferred Stock Channel..