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Bullboard - Stock Discussion Forum New York Mortgage Trust Inc NYMT

Alternate Symbol(s):  NYMTZ

Real Estate
New York Mortgage Trust, Inc. is a real estate investment trust (REIT). The Company is engaged in the business of acquiring, investing in, financing, and managing primarily mortgage-related single-family and multi-family residential assets. Its objective is to deliver long-term stable distributions to its stockholder. The Company’s investment portfolio includes credit sensitive single-family... see more

NDAQ:NYMT - Post Discussion

New York Mortgage Trust Inc > Big Fat Dividend
View:
Post by lou on Mar 18, 2020 7:42pm

Big Fat Dividend

WHO ELSE is following this? According to Bigcharts - it's sporting a 52% Dividend and trades for 2.4 times earnings.... I like extreme value...

Does anyone have any idea how safe the dividend is?

Diamond Lou
Comment by Rickathome on Mar 24, 2020 10:10am
I doubt if the dividened is safe right now, or if any dividened out there is, but this is a very interesting bottom feeding purchase. 
Comment by lou on Mar 31, 2020 7:57pm
Thanks for responding Rickathome - much appreciated - and I definitely agree it looks interesting. Let's analyze this puppy and decide if worth the risk. I figure - even if it were to cut the div by half - that's still 25% or so which you can't find easily. Have you purchased any yet? I just sold my DOW leveraged ETF for a nice profit - so am looking for something to deploy into... ...more  
Comment by Rickathome on May 21, 2020 4:10pm
I did dip my toe in to this pond, but I'm glad I didn't take to big a bite.  I jumped into ANH instead.  Thier dividened was cut in half but still sits just over 13%.  Real Estate in New York may come back, but more slowly than less hit areas.
New York Mortgage Trust Inc