Granite Point Mortgage Trust Inc. Announces First Quarter 2023 Common and Preferred Stock Dividends

Rhea-AI Summary

Granite Point Mortgage Trust Inc. (NYSE: GPMT) has announced a quarterly cash dividend of $0.20 per share for Q1 2023, payable on April 17, 2023, to shareholders on record as of April 3, 2023. Additionally, a dividend of $0.4375 per share will be issued for its 7.00% Series A Preferred Stock on the same date. The company specializes in originating and managing senior floating-rate commercial mortgage loans and is headquartered in New York, NY.

Positive

• Quarterly cash dividend of $0.20 per share announced.
• Dividend payment scheduled for April 17, 2023.

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• 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 $0.20 per share of common stock for the first quarter of 2023. This dividend will be payable on April 17, 2023, to common stockholders of record as of April 3, 2023.

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 17, 2023, to the holders of record of the Series A Preferred Stock at the close of business on April 3, 2023.

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/20230316005720/en/

Investors: Chris Petta, Investor Relations, Granite Point Mortgage Trust Inc., (212) 364-5500, investors@gpmtreit.com.

Source: Granite Point Mortgage Trust Inc.

FAQ

What is the dividend amount declared by Granite Point Mortgage Trust (GPMT) for Q1 2023?

Granite Point Mortgage Trust (GPMT) declared a dividend of $0.20 per share for Q1 2023.

When will the dividend be paid to GPMT shareholders?

The dividend will be payable on April 17, 2023.

What is the record date for GPMT's Q1 2023 dividend?

The record date for the dividend is April 3, 2023.

What is the amount of the preferred stock dividend declared by Granite Point?

The dividend for the Series A Preferred Stock is $0.4375 per share.