Granite Point Mortgage Trust Inc. (GPMT) Dividends
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 Price Forecast Based on Dividend Discount Model
| Current Price | DDM Fair Value Target: | Forecasted Gain: |
| $4.43 | $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 |
|---|---|---|---|
| 2024-03-28 | Dividend | $0.15 | -25.00% |
| 2023-12-28 | Dividend | $0.20 | -- |
| 2023-09-29 | Dividend | $0.20 | -- |
| 2023-06-30 | Dividend | $0.20 | -- |
| 2023-03-31 | Dividend | $0.20 | -- |
| 2022-12-29 | Dividend | $0.20 | -20.00% |
| 2022-09-30 | Dividend | $0.25 | -- |
| 2022-06-30 | Dividend | $0.25 | -- |
| 2022-03-31 | Dividend | $0.25 | -- |
| 2021-12-30 | Dividend | $0.25 | -- |
| 2021-09-30 | Dividend | $0.25 | -- |
| 2021-06-30 | Dividend | $0.25 | -- |
| 2021-03-31 | Dividend | $0.25 | -44.44% |
| 2020-12-30 | Dividend | $0.45 | +125.00% |
| 2020-10-07 | Dividend | $0.20 | -52.38% |
| 2019-12-30 | Dividend | $0.42 | -- |
| 2019-10-02 | Dividend | $0.42 | -- |
| 2019-07-03 | Dividend | $0.42 | -- |
| 2019-03-29 | Dividend | $0.42 | -- |
| 2018-12-28 | Dividend | $0.42 | -- |
| 2018-10-01 | Dividend | $0.42 | +5.00% |
| 2018-06-29 | Dividend | $0.40 | +5.26% |
| 2018-03-28 | Dividend | $0.38 | -- |
| 2017-12-28 | Dividend | $0.38 | +18.75% |
| 2017-09-28 | Dividend | $0.32 | -- |
GPMT Dividends vs. Peers
GPMT's dividend yield currently ranks #15 of 40 vs. its peers in the REITs - Mortgage category.
Looking for More Information on GPMT dividends?
Want to do more research on Granite Point Mortgage Trust Inc's dividends? Try the links below:Granite Point Mortgage Trust Inc Common Stock (GPMT) Dividend History | Nasdaq
Dividend History for Granite Point Mortgage Trust Inc (GPMT) - Dividend Investor
Granite Point Mortgage Trust Inc (GPMT) Dividend History - Seeking Alpha