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| Granite Point Mortgage Trust About To Put More Money In Your Pocket (GPMT)By Dividend Channel Staff, Wednesday, June 28, 9:59 AM ET
On 6/30/23, Granite Point Mortgage Trust Inc (NYSE:GPMT) will trade ex-dividend, for its quarterly dividend of $0.20, payable on 7/17/23. As a percentage of GPMT's recent stock price of $5.24, this dividend works out to approximately 3.82%, so look for shares of Granite Point Mortgage Trust Inc to trade 3.82% lower — all else being equal — when GPMT shares open for trading on 6/30/23. Below is a dividend history chart for GPMT, showing historical dividends prior to the most recent $0.20 declared by Granite Point Mortgage Trust Inc: In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from GPMT is likely to continue, and whether the current estimated yield of 15.27% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of GPMT shares, versus its 200 day moving average:
Looking at the chart above, GPMT's low point in its 52 week range is $3.97 per share, with $10.825 as the 52 week high point — that compares with a last trade of $5.24. Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation.
In Wednesday trading, Granite Point Mortgage Trust Inc shares are currently off about 1.5% on the day.
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