Granite Point Mortgage Trust Inc. (GPMT) Dividends

Granite Point Mortgage Trust Inc. (GPMT): $3.01

0.06 (+2.03%)

POWR Rating

Component Grades

Momentum

B

Stability

C

Sentiment

Quality

C

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Industry: REITs - Mortgage

Industry

D

Ranked

#22 of 27

in industry

Dividend Yield and Dividend History Highlights

  • In terms of debt burden relative to earnings, GPMT has an EBITDA to net debt ratio of 0.01, ranking above 6.46% stocks in our set.
  • If price volatilty is something you're paying attention to when building your dividend portfolio, know that GPMT has less fluctuation in its price than merely 12.28% of stocks we're observing.
  • GPMT's free cash flow has been growing at a compound average annual rate of 78.67% over the past 4.25 years -- higher than 92.32% of current US-listed dividend stocks.
  • To help you reduce price risk in your dividend portfolio, here are the dividend stocks that are least correlated with GPMT's price: SAIL, BMRC, SVT, WPM and AAON.
GPMT Ex-Dividend Date
GPMT Dividend Yield
6.71%
GPMT Annual Dividend
$0.20
GPMT Payout Ratio

GPMT Price Forecast Based on Dividend Discount Model

Current PriceDDM Fair Value Target: Forecasted Gain:
$3.01$29.25 165.89%

For dividend yielding stocks, the Dividend Discount Model (DDM) is a common valuation tool; it attempts to extrapolate a fair share price based primarily on the dividend the stock provides relative to a number of other quantiative aspects of its business. As for GPMT, the dividend discount model StockNews created for the company implies a positive return of 165.89%. Digging deeper, the aspects of Granite Point Mortgage Trust Inc's dividend discount model that we found most interesting were:

  • Compared to other US stocks that pay a dividend, Granite Point Mortgage Trust Inc produces a dividend yield 9.09% -- which falls in the top 3.88%.
  • Compared to other dividend issuers in the small-sized market cap category, GPMT's beta -- a measure of volatility relative to the market at large -- is lower than merely 21.42% of them.
  • As other dividend issuers in the Real Estate sector, Granite Point Mortgage Trust Inc has an equity discount rate lower than merely 17.65% of them.


GPMT Dividend History

Ex-Dividend Date Type Payout Amount Change
2024-10-01Dividend$0.05--
2024-07-01Dividend$0.05-66.67%
2024-03-28Dividend$0.15-25.00%
2023-12-28Dividend$0.20--
2023-09-29Dividend$0.20--
2023-06-30Dividend$0.20--
2023-03-31Dividend$0.20--
2022-12-29Dividend$0.20-20.00%
2022-09-30Dividend$0.25--
2022-06-30Dividend$0.25--
2022-03-31Dividend$0.25--
2021-12-30Dividend$0.25--
2021-09-30Dividend$0.25--
2021-06-30Dividend$0.25--
2021-03-31Dividend$0.25-44.44%
2020-12-30Dividend$0.45+125.00%
2020-10-07Dividend$0.20-52.38%
2019-12-30Dividend$0.42--
2019-10-02Dividend$0.42--
2019-07-03Dividend$0.42--
2019-03-29Dividend$0.42--
2018-12-28Dividend$0.42--
2018-10-01Dividend$0.42+5.00%
2018-06-29Dividend$0.40+5.26%
2018-03-28Dividend$0.38--
2017-12-28Dividend$0.38+18.75%
2017-09-28Dividend$0.32--


GPMT Dividends vs. Peers

GPMT's dividend yield currently ranks #15 of 40 vs. its peers in the REITs - Mortgage category.
Rank Symbol Name Dividend Yield
1 KREF KKR Real Estate Finance Trust Inc. 0.00%
2 BRMK Broadmark Realty Capital Inc. 0.00%
3 NLY Annaly Capital Management Inc 0.00%
4 AGNC AGNC Investment Corp. 0.00%
5 ORM Owens Realty Mortgage, Inc. 0.00%
6 MFA MFA Financial, Inc. 0.00%
7 CHMI Cherry Hill Mortgage Investment Corporation 0.00%
8 RITM Rithm Capital Corp. 0.00%
9 BRSP BrightSpire Capital Inc. 0.00%
10 PMT PennyMac Mortgage Investment Trust Common Shares of Beneficial Interest 0.00%
11 RC Ready Capital Corproation 0.00%
12 CIM Chimera Investment Corporation 0.00%
13 MITT AG Mortgage Investment Trust, Inc. 0.00%
14 AJX Great Ajax Corp. 0.00%
15 GPMT Granite Point Mortgage Trust Inc. 0.00%
16 NRZ New Residential Investment Corp. 0.00%
17 CMO Capstead Mortgage Corporation 0.00%
18 DX Dynex Capital, Inc. 0.00%
19 WMC Western Asset Mortgage Capital Corporation 0.00%
20 NYMT New York Mortgage Trust Inc. 0.00%
21 EARN Ellington Residential Mortgage REIT Common Shares of Beneficial Interest 0.00%
22 CMTG Claros Mortgage Trust, Inc. 0.00%
23 TRTX TPG RE Finance Trust, Inc. 0.00%
24 ANH Anworth Mortgage Asset Corporation 0.00%
25 OAKS Five Oaks Investment Corp. 0.00%
26 SACH Sachem Capital Corp. Common Shares 0.00%
27 LFT Lument Finance Trust Inc. 0.00%
28 TWO Two Harbors Investment Corp 0.00%
29 ARI Apollo Commercial Real Estate Finance, Inc 0.00%
30 ARR ARMOUR Residential REIT, Inc. 0.00%
31 ATAX America First Multifamily Investors, L.P. - Beneficial Unit Certificates (BUCs) representing Limited Partnership Interests 0.00%
32 ZFC Zais Financial Corp. Common Sto 0.00%
33 ORC Orchid Island Capital, Inc. 0.00%
34 BXMT Blackstone Mortgage Trust, Inc. 0.00%
35 TRMT Tremont Mortgage Trust of Beneficial Interest 0.00%
36 AAIC Arlington Asset Investment Corp. 0.00%
37 NREF NexPoint Real Estate Finance Inc. 0.00%
38 CYS CYS Investments, Inc. 0.00%
39 MTGE MTGE Investment Corp. 0.00%
40 IVR INVESCO MORTGAGE CAPITAL INC 0.00%

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