Granite Point Mortgage Trust Dividend
Dividend criteria checks 3/6
Granite Point Mortgage Trust is a dividend paying company with a current yield of 6.31%. Next payment date is on 15th October, 2024 with an ex-dividend date of 1st October, 2024.
Key information
6.3%
Dividend yield
-17%
Payout ratio
| Industry average yield | 11.4% |
| Next dividend pay date | 15 Oct 24 |
| Ex dividend date | 01 Oct 24 |
| Dividend per share | US$0.200 |
| Earnings per share | -US$3.67 |
| Dividend yield forecast | 6.3% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: GPMT.PRA has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: GPMT.PRA has only been paying a dividend for 7 years, and since then payments have fallen.
Dividend Yield vs Market
| Granite Point Mortgage Trust Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (GPMT.PRA) | 6.3% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.3% |
| Industry Average (Mortgage REITs) | 11.4% |
| Analyst forecast (GPMT.PRA) (up to 3 years) | 6.3% |
Notable Dividend: GPMT.PRA's dividend (6.31%) is higher than the bottom 25% of dividend payers in the US market (1.43%).
High Dividend: GPMT.PRA's dividend (6.31%) is in the top 25% of dividend payers in the US market (4.31%)
Earnings Payout to Shareholders
Earnings Coverage: GPMT.PRA is paying a dividend but the company is unprofitable.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (35.8%), GPMT.PRA's dividend payments are well covered by cash flows.