Granite Point Mortgage Trust Inc., a real estate investment trust, originates, invests in, and manages senior floating-rate commercial mortgage loans, and other debt and debt-like commercial real estate investments in the United States. The company provides intermediate-term bridge or transitional financing for various purposes, including acquisitions, recapitalizations, and refinancing, as well as a range of business plans, including lease-up, renovation, repositioning, and repurposing of the commercial property. As of December 31, 2021, its investment portfolio includes 105 commercial real estate loan investments. Granite Point Mortgage Trust Inc. was founded in 2015 and is headquartered in New York, New York.
Granite Point Mortgage Trust Dividend Announcement
• Granite Point Mortgage Trust announced a quarterly dividend of $0.05 per ordinary share which will be made payable on 2024-10-15. Ex dividend date: 2024-10-01
• Granite Point Mortgage Trust annual dividend for 2024 was $0.25
• Granite Point Mortgage Trust annual dividend for 2023 was $0.80
• Granite Point Mortgage Trust's trailing twelve-month (TTM) dividend yield is 13.27%
• Granite Point Mortgage Trust's payout ratio for the trailing twelve months (TTM) is -29.08%
• Granite Point Mortgage Trust's dividend growth over the last five years (2018-2023) was -13.16% year
Granite Point Mortgage Trust Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-01 | $0.05 | quarterly | 2024-10-15 |
2024-07-01 | $0.05 | quarterly | 2024-07-15 |
2024-03-28 | $0.15 | quarterly | 2024-04-15 |
2023-12-28 | $0.20 | quarterly | 2024-01-16 |
2023-09-29 | $0.20 | quarterly | 2023-10-16 |
2023-06-30 | $0.20 | quarterly | 2023-07-17 |
2023-03-31 | $0.20 | quarterly | 2023-04-17 |
2022-12-29 | $0.20 | quarterly | 2023-01-17 |
2022-09-30 | $0.25 | quarterly | 2022-10-17 |
2022-06-30 | $0.25 | quarterly | 2022-07-15 |
2022-03-31 | $0.25 | quarterly | 2022-04-15 |
2021-12-30 | $0.25 | quarterly | 2022-01-18 |
2021-09-30 | $0.25 | quarterly | 2021-10-19 |
2021-06-30 | $0.25 | quarterly | 2021-07-19 |
2021-03-31 | $0.25 | quarterly | 2021-04-19 |
2020-12-30 | $0.45 | quarterly | 2021-01-22 |
2020-10-07 | $0.20 | quarterly | 2020-10-19 |
2019-12-30 | $0.42 | quarterly | 2020-01-17 |
2019-10-02 | $0.42 | quarterly | 2019-10-18 |
2019-07-03 | $0.42 | quarterly | 2019-07-19 |
2019-03-29 | $0.42 | quarterly | 2019-04-18 |
2018-12-28 | $0.42 | quarterly | 2019-01-18 |
2018-10-01 | $0.42 | quarterly | 2018-10-18 |
2018-06-29 | $0.40 | quarterly | 2018-07-18 |
2018-03-28 | $0.38 | quarterly | 2018-04-18 |
2017-12-28 | $0.38 | quarterly | 2018-01-18 |
2017-09-28 | $0.32 | quarterly | 2017-10-18 |
Granite Point Mortgage Trust Dividend per year
Granite Point Mortgage Trust Dividend growth
Granite Point Mortgage Trust Dividend Yield
Granite Point Mortgage Trust current trailing twelve-month (TTM) dividend yield is 13.27%. Interested in purchasing Granite Point Mortgage Trust stock? Use our calculator to estimate your expected dividend yield:
Granite Point Mortgage Trust Financial Ratios
Granite Point Mortgage Trust Dividend FAQ
Other factors to consider when evaluating Granite Point Mortgage Trust as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Granite Point Mortgage Trust's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Granite Point Mortgage Trust publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Granite Point Mortgage Trust distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Granite Point Mortgage Trust are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Granite Point Mortgage Trust sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Granite Point Mortgage Trust distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Granite Point Mortgage Trust declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Granite Point Mortgage Trust's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Granite Point Mortgage Trust's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.