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Stock impact report

Granite Point Mortgage Trust Inc. Announces Second Quarter 2024 Common and Preferred Stock Dividends and Business Update

Granite Point Mortgage Trust Inc. (GPMT) 
Last granite point mortgage trust inc. earnings: 3/2 04:56 pm Check Earnings Report
US:NYSE Investor Relations: investors.gpmortgagetrust.com
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. (NYSE: GPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that the Company’s Board of Directors declared a quarterly cash dividend of $0.05 per share of common stock for the second quarter of 2024. This dividend is payable on July 15, 2024, to holders of record of common stock at the close of business on July 1, 2024.The Company’s Board of Directors also declared a quarterly cash dividend of $0.4375 per share of the 7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock for the second quarter of 2024. This dividend is payable on July 15, 2024, to the holders of record of the Series A Preferred Stock at the close of business on July 1, 2024.“In setting the current level of our common dividend, the Board considered a number of factors, including our strategic focus on supporting book value during a period of reduced profitability of the Company due to the ongoing real estate market challe Show less Read more
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