Granite Point Mortgage Trust Inc. Declares Quarterly Dividend

September 29, 2024 09:40 AM PDT | By Team Kalkine Media

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Granite Point Mortgage Trust Inc. Declares Quarterly Dividend — Image source: Shutterstock

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Headlines

Granite Point Mortgage Trust Inc. has declared a quarterly dividend of $0.05 per share.

The ex-dividend date is set for October 1st, with payments scheduled for October 15th.

The company has shown a consistent trend in dividend growth over recent years.

Granite Point Mortgage Trust Inc. (NYSE:LW) recently announced a quarterly dividend. Shareholders on record as of October 1st will receive a dividend of $0.05 per share, payable on October 15th. This move highlights the company's commitment to returning value to its shareholders.

Over the past few years, Granite Point Mortgage Trust has demonstrated a strong track record of increasing its dividend payments, showcasing its dedication to shareholder returns. The firm’s proactive approach underscores its strategy to maintain investor confidence despite the reliance on its balance sheet for dividend support.

Investors can look forward to the upcoming dividend, which reflects the company's efforts to enhance shareholder value. As Granite Point Mortgage Trust continues to navigate market dynamics, its historical dividend growth is a notable aspect of its financial strategy.

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