5 Dividend Stocks with Over 10% Yield

4. New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Dividend Yield as of June 24: 15.04%

New York Mortgage Trust, Inc. (NASDAQ:NYMT) is an American real estate investment trust that invests in mortgage-based securities and other financial assets. Though the company missed Street estimates on various accounts in Q1, it reported other key developments in its operations during the quarter. The company purchased approximately $782.5 million in residential loans and also authorized a share repurchase program for up to $200 million on its common stock.

New York Mortgage Trust, Inc. (NASDAQ:NYMT) has not raised its payouts since 2020 and currently pays a quarterly dividend of $0.10 per share. The stock’s dividend yield was recorded at 15.04% on June 24.

In its April investors’ note, Barclays mentioned New York Mortgage Trust, Inc. (NASDAQ:NYMT), highlighting the company’s declining book values per share. The firm lowered its price target on the stock to $3.50 but kept an Equal Weight rating on the shares.

At the end of Q1 2022, New York Mortgage Trust, Inc. (NASDAQ:NYMT) was a part of 12 hedge fund portfolios, compared with 17 a quarter earlier. These stakes hold a consolidated value of over $52 million.