{"data":{"id":"sw_34f7678cd7065e51eae3","slug":"adamas-trust-raises-dividend-11-after-new-york-mortgage-trust-rebrand-yield-stil","title":"Adamas Trust Raises Dividend 11% After New York Mortgage Trust Rebrand, Yield Still Near 16%","subheadline":"The company formerly known as New York Mortgage Trust lifted its quarterly payout to $0.30 a share, though the stock's elevated yield points to coverage questions common across mortgage REITs.","summary":"Adamas Trust, the rebranded New York Mortgage Trust, raised its quarterly dividend 11.1% to $0.30 a share. The stock still yields roughly 15.7%, and its payout history shows steep cuts over three and ten years.","body":"Adamas Trust, Inc., the company formerly operating as New York Mortgage Trust, has raised its quarterly dividend to $0.30 per share from $0.27, an increase of 11.1%, with an ex-dividend date of September 22, 2026. The record date matches the ex-dividend date, and the payment is scheduled for October 28, 2026. At a recent price of $7.64, the new quarterly rate annualizes to $1.20 per share, putting the dividend yield near 15.71%.\n\nThe increase arrives as the company carries 22 full calendar years of dividend payment history, with annual totals now up for one consecutive year following the hike. Longer term, the record is uneven: dividend growth measures a +7.5% gain over the past year but declines of 18.7% over three years and an annualized 14.4% drop over ten years, according to split-adjusted figures. That pattern, a recent rebound layered on top of a multi-year contraction, is the kind of detail income-focused investors often weigh when assessing whether a hike marks a durable turn or a smaller step within a longer pattern of reductions.\n\nThe dividend increase first stood out in data tracked on Dividendly, a Madison Labs research site, which logs the company's payment history alongside the rate change.\n\nWhy the hike matters to investors centers on coverage. The trailing-twelve-month EPS-based payout ratio, measured over the twelve months ending June 30, 2026, stands near 64%. For a mortgage REIT, that figure can be misleading on its own: REIT dividend coverage is conventionally assessed using funds from operations or adjusted funds from operations, metrics that add back depreciation rather than let it weigh on reported earnings the way GAAP net income does. Without FFO or AFFO data available, the EPS-based ratio functions only as a rough reference point rather than a definitive read on whether the payout is sustainable.\n\nMortgage REITs as a category tend to carry higher yields than other dividend-paying sectors because they borrow short and lend or invest long, often in agency or non-agency mortgage-backed securities, a structure that magnifies both income and interest-rate sensitivity. That backdrop helps explain why Adamas Trust's yield remains in the mid-teens even after a double-digit dividend increase, and why peers in the REIT-Mortgage group show a wide spread: AGNCL yields about 7.73%, RC about 3.64%, and ADAMM about 10.78%, underscoring how much yield levels vary even within the same subsector.\n\nThe rebrand itself, from New York Mortgage Trust to Adamas Trust, changes the public identity of a company with more than two decades of dividend history, though the underlying payment record and the ticker's new designation, ADAM, carry forward the same track record investors have followed for years.\n\nBroader market conditions add some context to the mortgage REIT story. U.S. Treasury yields moved lower recently as investors awaited housing data, a dynamic that matters directly to mortgage REITs because their portfolios and financing costs are tied closely to the rate environment. Separately, Goldman Sachs has said it expects the housing market, already described as rough, to get worse, a view that, if it plays out, would bear on the demand and valuation backdrop for mortgage-related assets more broadly. These are third-party observations about the housing and rate environment rather than statements about Adamas Trust specifically, but they sit alongside the kind of macro forces that typically move mortgage REIT earnings and dividend capacity.\n\nLooking ahead, investors tracking Adamas Trust are likely to watch whether the newly higher $0.30 quarterly rate holds through subsequent declaration dates, and whether the company's next earnings disclosures include FFO or AFFO figures that would allow a clearer coverage assessment than the EPS-based ratio permits. The scheduled October 28, 2026 payment date will mark the first distribution at the new, higher rate. Beyond that, how Treasury yields and housing-market data evolve in coming quarters, alongside any further commentary from the company on its post-rebrand strategy, are the kinds of developments that would shape whether this dividend increase represents a sustained shift or a single step within the longer pattern of volatility the payment history already shows.\n\nA rising regular dividend is one data point among several that income-focused investors use to gauge payout durability, but it reflects history rather than a guarantee of future increases, and the figures discussed here describe past and currently scheduled payments only, not a forecast of what the company will do next.","source":{"name":"Dividendly","slug":"dividendly"},"category":"Dividends","article_type":"News","license":"Free to republish, in full or in part, with attribution to Capital Data Wire and a link to the original article. No fees, registration, or permission required.","quality_score":81,"human_reviewed":false,"original_url":"https://dividendly.ai/articles/adamas-trust-inc-adam-raises-its-dividend-11-1","featured_image":null,"published_at":"2026-10-20T11:36:34.365570+00:00","updated_at":"2026-10-20T11:36:34.365570+00:00","is_demo":false,"attribution":"Via Capital Data Wire. Discovered via Dividendly.","attribution_html":"Via Capital Data Wire. Discovered via Dividendly."},"meta":{"demo_data":false}}