Business Context and Reporting Period
This Form 8-K is a current report filed by New York Mortgage Trust, Inc. (the "Company") on March 19, 2018. The filing reports the declaration of regular quarterly cash dividends by the Board of Directors for the Company's common stock and three series of preferred stock.
Key Financial Metrics
The filing does not provide specific financial performance metrics such as revenue, profit, cash flow, margins, debt levels, or liquidity ratios. The document focuses exclusively on dividend declarations.
Material Changes
The material event reported is the declaration of the following dividends:
- Common Stock: Regular quarterly cash dividend for the quarter ending March 31, 2018.
- 7.75% Series B Cumulative Redeemable Preferred Stock: Cash dividend for the period January 15, 2018, to April 14, 2018.
- 7.875% Series C Cumulative Redeemable Preferred Stock: Cash dividend for the period January 15, 2018, to April 14, 2018.
- 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock: Cash dividend for the period January 15, 2018, to April 14, 2018.
The specific per-share dividend amounts are not stated in the text of this filing; they are contained in the Press Release filed as Exhibit 99.1.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies. It serves solely to disclose the dividend declaration event.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) to confirm the specific per-share dividend amounts for common and preferred stock.
- Verify the record date and payment date for the declared dividends.
- Confirm the Company's ability to fund these dividends by reviewing the most recent quarterly or annual financial statements (10-Q or 10-K).