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

Rhea-AI Summary

Granite Point Mortgage Trust Inc. (NYSE: GPMT) declared a quarterly cash dividend of $0.20 per share for Q4 2022, payable on January 17, 2023, to stockholders of record as of December 30, 2022. Additionally, a dividend of $0.4375 per share of the 7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock was also declared, with the same payment date and record date. Granite Point, headquartered in New York, focuses on originating and managing senior floating-rate commercial mortgage loans.

Positive

• Quarterly cash dividend of $0.20 per share reflects strong shareholder returns.
• Series A Preferred Stock dividend of $0.4375 demonstrates commitment to preferred shareholders.

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 $0.20 per share of common stock for the fourth quarter of 2022. This dividend will be payable on January 17, 2023, to common stockholders of record as of December 30, 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 January 17, 2023, to the holders of record of the Series A Preferred Stock at the close of business on December 30, 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/20221220005770/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 declared by Granite Point Mortgage Trust in Q4 2022?

Granite Point Mortgage Trust declared a quarterly cash dividend of $0.20 per share for Q4 2022.

When will the dividend for Granite Point Mortgage Trust be paid?

The dividend will be payable on January 17, 2023.

What are the record dates for the dividends declared by GPMT?

The record date for both dividends is December 30, 2022.

What is the dividend for the Series A Preferred Stock of GPMT?

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