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

Rhea-AI Summary

Granite Point Mortgage Trust Inc. (NYSE: GPMT) announced a quarterly cash dividend of $0.25 per share for Q2 2022, payable on July 15, 2022, to stockholders of record as of July 1, 2022. Additionally, the company declared a dividend of $0.4375 per share for its Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, also payable on July 15, 2022, to preferred stockholders of record on July 1, 2022. Granite Point primarily focuses on managing senior floating-rate commercial mortgage loans and other related investments.

Positive

• Quarterly cash dividend of $0.25 per share reflects stable income for shareholders.
• Preferred stock dividend of $0.4375 per share indicates continued company confidence.

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 second quarter of 2022. This dividend will be payable on July 15, 2022, to common stockholders of record as of July 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 July 15, 2022, to the holders of record of the Series A Preferred Stock at the close of business on July 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/20220616005865/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

When is the dividend payment date for Granite Point Mortgage Trust (GPMT)?

The dividend payment date for Granite Point Mortgage Trust (GPMT) is July 15, 2022.

What is the amount of the Q2 2022 dividend for GPMT?

The amount of the Q2 2022 dividend for GPMT is $0.25 per share of common stock.

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

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

Who will receive dividends from GPMT?

Dividends from GPMT will be paid to stockholders of record as of July 1, 2022.

Is the dividend from GPMT sustainable?

The press release does not provide specific information regarding the sustainability of the dividends from GPMT.