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

Rhea-AI Summary

Granite Point Mortgage Trust declared a quarterly cash dividend of $0.25 per common share for Q3 2022, payable on October 17, 2022, to stockholders of record as of October 3, 2022. Additionally, a dividend of $0.4375 per share for the Series A Preferred Stock was announced, also payable on October 17, 2022. Granite Point focuses on originating and managing senior floating-rate commercial mortgage loans and other debt investments, headquartered in New York, NY.

Positive

• Quarterly cash dividend of $0.25 per share indicates return of income to shareholders.
• Confidence in financial stability reflected by declaring dividends.

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 third quarter of 2022. This dividend will be payable on October 17, 2022, to common stockholders of record as of October 3, 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 October 17, 2022, to the holders of record of the Series A Preferred Stock at the close of business on October 3, 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/20220920006196/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 for Granite Point Mortgage Trust in Q3 2022?

The dividend amount declared for Q3 2022 is $0.25 per common share.

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

The dividend will be paid on October 17, 2022.

What is the record date for the dividend of Granite Point Mortgage Trust?

The record date for the dividend is October 3, 2022.

What is the dividend for Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock?

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

When is the dividend for Series A Preferred Stock payable?

The dividend for Series A Preferred Stock is payable on October 17, 2022.