New York Mortgage Trust Inc (NYMT)

Shares of New York Mortgage Trust Inc (NYMT) dropped by 10.96% from $9.58 to $8.53 in the trading on Friday, December 15, 2023. The reason why NYMT down today is due to the announcement by the company of a quarterly dividend of $0.20 per share. This represented a 33.3% decrease from the previous dividend of $0.30 per share. The reduction in the dividend likely contributed to the drop in NYMT shares on that day, as it signaled a change in the company's dividend policy.