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 5.59%.
Key information
5.6%
Dividend yield
5.7%
Buyback Yield
| Total Shareholder Yield | 11.3% |
| Future Dividend Yield | 5.6% |
| 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
Granite Point Mortgage's Improved Liquidity Brings Its 10% Yielding Preferreds Into Focus
Nov 18Granite Point Mortgage Trust: Office Distress Continues, Are The Preferreds Safe
Aug 19Granite Point: Downside Materialized, I'm Flipping Bullish
Jul 17Granite Point Mortgage Trust Is Facing Headwinds But I'm Holding The Discounted Preferreds
May 12Granite Point Mortgage Trust: Write-Offs Are Accelerating
Mar 15Granite Point Mortgage Trust: Precarious 64% Discount To Book Value And 17% Dividend Yield
Feb 20Granite Point Mortgage Trust: Hard To Recommend Even At Large Discounts To Book Value
Feb 02Granite Point Mortgage Offers An 11% Yield On Its Preferred Shares
Oct 29I've Sold My Granite Point Mortgage Trust Position And Won't Re-Enter
Oct 12Granite Point Mortgage Trust: At Risk Of A Dividend Cut
Jul 31Granite Point Mortgage Trust Non-GAAP EPS of -$0.16 beats by $0.01, net interest income of $20.98M beats by $2.27M
Feb 23Granite Point Mortgage Trust decrease quarterly dividend by -20% to $0.20/share
Dec 20Granite Point Mortgage Trust Now Offers A 15% Yield - But For How Much Longer?
Nov 13Granite Point Mortgage Trust goes ex dividend tomorrow
Sep 29Granite Point Mortgage's Preferred Shares Offer A 10% Yield To Call
Aug 189.3%-Yielding Granite Point Mortgage Is Flying Under The Radar
Aug 02Granite Point Mortgage Is Now Yielding 9.9% - Who's Buying?
May 21Granite Point Mortgage: The 7.5% Yielding Preferred Shares Are Getting Attractive
Apr 15Stability and Growth of Payments
Fetching dividends data
Stable Dividend: GPMT has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: GPMT 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) | 5.6% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.2% |
| Industry Average (Mortgage REITs) | 11.8% |
| Analyst forecast (GPMT) (up to 3 years) | 5.6% |
Notable Dividend: GPMT's dividend (5.59%) is higher than the bottom 25% of dividend payers in the US market (1.35%).
High Dividend: GPMT's dividend (5.59%) is in the top 25% of dividend payers in the US market (4.21%)
Earnings Payout to Shareholders
Earnings Coverage: GPMT 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's dividend payments are covered by cash flows.