DIVIDEND ANNOUNCEMENT: Granite Point Mortgage Trust Inc (NYSE:GPMT) on 09/18/2019 declared a dividend of $0.4200 per share

Granite Point Mortgage Trust Inc (NYSE:GPMT) on 09/18/2019 declared a dividend of $ 0.4200 per share payable on October 18, 2019 to shareholders of record as of October 03, 2019.

Granite Point Mortgage Trust Inc (NYSE:GPMT) has paid dividends since 2017, has a current dividend yield of 8.9695672989% and has increased its dividends for 1 successive years.

Granite Point Mortgage Trust Inc's market cap is $ 1,027,396,690 and has a PE ratio of 13.19. The stock price closed yesterday at $ 18.73 and has a 52 week low/high of $ 17.45 and $ 19.69.

Granite Point Mortgage Trust operates as a real estate investment trust. Co. focuses primarily on directly originating, investing in and managing senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments. Co. is externally managed by Pine River Capital Management L.P. Co.'s primary target investments are directly originated floating-rate performing senior commercial real estate loans. Co. provides intermediate-term bridge or transitional financing for a variety of purposes, including acquisitions, recapitalizations, refinancings and a range of business plans, including lease-up, renovation, repositioning and repurposing of the property.

For more information on Granite Point Mortgage Trust Inc click here.