Dividends4Life: Dividends Are Back

Dividends Are Back

Posted by D4L | Monday, July 06, 2020 | | 0 comments »

One of the headwinds for mortgage REITs was the fact that a few mortgage REITs still had their dividend payments suspended. The number of mortgage REITs with suspended dividends declined for both common shares and preferred shares.

One of our expectations came true on 6/15/2020 after the close when NYMT brought back their common and preferred share dividends.Some major screening tools weren't spotting the new dividend as of Tuesday morning, but it may be fixed now. NYMT preferred shares have a double ex-dividend date coming up. Two dividends in one day!

Source: Seeking Alpha

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