5 Penny Stocks that Pay Dividends

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

Number of Hedge Fund Holders: 15

Dividend Yield: 10.2%

New York Mortgage Trust, Inc. (NASDAQ:NYMT) is a mortgage real estate investment trust that acquires and invests in mortgage-related single-family and multi-family residential assets in the US. The company is trying to become a steady dividend grower, having raised its yield for one year, making it a suitable choice for those seeking penny stocks that pay dividends.

For the third quarter, New York Mortgage Trust, Inc. (NASDAQ:NYMT) had a net increase in net assets from operations, of about $11.3 million.

New York Mortgage Trust, Inc. (NASDAQ:NYMT) is among the more popular stocks, with 15 hedge funds long on it in the third quarter.

See also 11 Biggest Companies with Indian CEOs and 10 Best Healthcare Dividend Stocks.

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