Granite Point Mortgage Trust Inc.
GPMTReal Estate · Stock · quarterly payer
$1.54
Add to PortfolioForward Yield
12.99%
Annual Dividend
$0.20
Payout Ratio
588%
5-Yr Growth
-31.2%
Ex-Date
Apr 1, 2026
Frequency
Quarterly
GPMT Dividend Safety Score
42/ 100
Grade D
Risky
Dividend-growth streak1 consecutive years of growth
Cut historyCut its dividend in 2024
Earnings payout coverage588% of earnings paid out
Balance-sheet strengthDebt/equity of 1.79
Yield vs its historyYield is 1.3× its 5-yr average — elevated
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Is GPMT a good dividend stock?
MixedGranite Point Mortgage Trust Inc. (GPMT) pays a quarterly dividend yielding 12.99% ($0.20/yr), with 1 year of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2024
- Elevated payout ratio (588%)
- Dividend has been shrinking, not growing
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 12.99%
- Payout Ratio
- 588%
- Annual Dividend
- $0.20
- 5-Yr Avg Growth
- -31.2%
- Ex-Dividend Date
- Apr 1, 2026
- Years of Growth
- 1
- Frequency
- quarterly
- Beta
- 1.64
- Market Cap
- $73.8M
- P/E Ratio
- —
- 5-Yr Total Return
- -89%
- 52-Week Range
- $1.24 – $3.12
- Dividend Safety
- D · 42/100
- Ever Cut?
- Yes (2024)
Frequently Asked Questions
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Apr 1, 2026 | — | $0.0500 | regular |
| Dec 30, 2025 | — | $0.0500 | regular |
| Oct 1, 2025 | — | $0.0500 | regular |
| Jul 1, 2025 | — | $0.0500 | regular |
| Apr 1, 2025 | — | $0.0500 | regular |
| Dec 31, 2024 | — | $0.0500 | regular |
| Oct 1, 2024 | — | $0.0500 | regular |
| Jul 1, 2024 | — | $0.0500 | regular |
| Mar 28, 2024 | — | $0.1500 | regular |
| Dec 28, 2023 | — | $0.2000 | regular |
| Sep 29, 2023 | — | $0.2000 | regular |
| Jun 30, 2023 | — | $0.2000 | regular |
| Mar 31, 2023 | — | $0.2000 | regular |
| Dec 29, 2022 | — | $0.2000 | regular |
Income Calculator
At $0.20 / yr per share
Per payment (quarterly)$5.00
Annual$20.00
Monthly avg$1.67
