Granite Point Mortgage Trust Dividends and Buybacks
Dividend criteria checks 3/6
Granite Point Mortgage Trust is a dividend paying company with a current yield of 5.68%.
Key information
5.7%
Dividend yield
5.7%
Buyback Yield
| Total Shareholder Yield | 11.3% |
| Future Dividend Yield | 5.7% |
| Dividend Growth | 7.5% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | US$0.200 |
| Payout ratio | -12% |
Recent dividend and buyback 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) | 5.7% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.2% |
| Industry Average (Mortgage REITs) | 12.0% |
| Analyst forecast (GPMT.PRA) (up to 3 years) | 5.7% |
Notable Dividend: GPMT.PRA's dividend (5.68%) is higher than the bottom 25% of dividend payers in the US market (1.37%).
High Dividend: GPMT.PRA's dividend (5.68%) is in the top 25% of dividend payers in the US market (4.21%)
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 reasonable cash payout ratio (54.3%), GPMT.PRA's dividend payments are covered by cash flows.