Granite Point Mortgage Trust Inc. Announces First Quarter 2022 Common and Preferred Stock Dividends

Rhea-AI Summary

Granite Point Mortgage Trust (NYSE: GPMT) has announced a quarterly cash dividend of $0.25 per share for Q1 2022, payable on April 15, 2022, to shareholders of record by April 1, 2022. Additionally, a dividend of $0.4375 per share will be paid to preferred stockholders of the 7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock on the same date. This move reflects the company's ongoing commitment to returning value to its shareholders.

Positive

• Quarterly cash dividend of $0.25 per share enhances shareholder value.
• Preferred stockholders receive $0.4375 per share dividend, indicating strong financial management.

Negative

• None.

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 $0.25 per share of common stock for the first quarter of 2022. This dividend will be payable on April 15, 2022, to common stockholders of record as of April 1, 2022.

Granite Point also declared today a dividend of $0.4375 per share of the 7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. This dividend is payable on April 15, 2022, to the holders of record of the Series A Preferred Stock at the close of business on April 1, 2022.

About Granite Point Mortgage Trust Inc.
Granite Point Mortgage Trust Inc. is a Maryland corporation focused on directly originating, investing in and managing senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments. Granite Point is headquartered in New York, NY. Additional information is available at www.gpmtreit.com.

Additional Information
Stockholders of Granite Point and other interested persons may find additional information regarding the Company at the Securities and Exchange Commission’s Internet site at www.sec.gov or by directing requests to: Granite Point Mortgage Trust Inc., 3 Bryant Park, 24^th floor, New York, NY 10036, telephone (212) 364-5500.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220317005943/en/

Investors:

Marcin Urbaszek

Chief Financial Officer

Granite Point Mortgage Trust Inc.

(212) 364-5500

investors@gpmtreit.com

Source: Granite Point Mortgage Trust Inc.

FAQ

What is the dividend amount announced by Granite Point Mortgage Trust?

Granite Point Mortgage Trust announced a quarterly cash dividend of $0.25 per share.

When will the dividend be paid to shareholders of Granite Point Mortgage Trust?

The dividend will be payable on April 15, 2022.

What are the details of the preferred stock dividend for GPMT?

The preferred stock dividend is $0.4375 per share for the 7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock.

Who are the recipients of the GPMT dividend?

Common stockholders and Series A preferred stockholders of Granite Point Mortgage Trust.