TPG Mortgage Investment Trust, Inc.

MITT

Real Estate · REIT - Mortgage · Stock · quarterly payer

$5.49

Undervalued · +180% Add to Portfolio

Forward Yield

17.49%

Annual Dividend

$0.96

Payout Ratio

124%

5-Yr Growth

18.7%

Ex-Date

Sep 30, 2026

Frequency

Quarterly

Key facts about MITT's dividend

Data as of Oct 27, 2026 · Source: SmarterDividends data

As of Oct 27, 2026, TPG Mortgage Investment Trust, Inc. (MITT) has a forward dividend yield of 17.49%, based on an annual dividend of $0.96 per share and a share price of $5.49.
As of Oct 27, 2026, MITT's dividend safety grade from SmarterDividends is D (40 out of 100), which rates the dividend as unsafe.
By SmarterDividends' count, TPG Mortgage Investment Trust, Inc. (MITT) has raised its dividend for 2 consecutive years as of Oct 27, 2026.
MITT last cut its regular dividend in 2023.
MITT's most recent ex-dividend date was Sep 30, 2026, for a dividend of $0.24 per share.
As of Oct 27, 2026, MITT pays out 124% of its trailing 12-month earnings as dividends (its payout ratio).
MITT's dividend has grown at an average rate of 18.7% a year over the past five years.
As of Oct 27, 2026, MITT's 17.49% yield is 65% above its five-year average yield of 10.59%.
As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for MITT is $15.35 per share, 180% above the $5.49 share price, so MITT screens as undervalued.
TPG Mortgage Investment Trust, Inc. (MITT) pays its dividend quarterly, 4 times a year.
TPG Mortgage Investment Trust, Inc. (MITT) has raised its regular dividend 12 times and cut it 7 times across the 60 payments on record since 2011. Its most recent change was a 4.3% increase to $0.240 per share, going ex-dividend on Mar 31, 2026. The last cut went ex-dividend on Nov 29, 2023.
TPG Mortgage Investment Trust (MITT) has declared its first higher dividend of the year in March in 3 of the last 5 years; its most recent raise, 4.3%, was declared on Mar 16, 2026.

Cite this page

SmarterDividends, "MITT Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/MITT

Summary

As of Oct 27, 2026, TPG Mortgage Investment Trust, Inc. (MITT) yields 17.49% ($0.96 a year per share), has a dividend safety grade of D (40/100) and has 2 consecutive years of dividend increases on record.

Is MITT a good dividend stock?

Higher risk

TPG Mortgage Investment Trust, Inc. (MITT) pays a quarterly dividend yielding 17.49% ($0.96/yr), with 2 years of growth and a dividend-safety grade of D. Treat the dividend with caution — recent cuts, a stretched payout or a falling price raise the risk.

Advantages

Strong 18.7% 5-yr dividend growth

Risks

Cut its dividend in 2023
Elevated payout ratio (124%)
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: 17.49%
Payout Ratio: 124%
Annual Dividend: $0.96
5-Yr Avg Growth: 18.7%
Ex-Dividend Date: Sep 30, 2026
Years of Growth: 2
Frequency: quarterly
Beta: 1.79
Market Cap: $174.6M
P/E Ratio: 7.2
5-Yr Total Return: -47%
52-Week Range: $5.20 – $9.27
Dividend Safety: D · 40/100
Ever Cut?: Yes (2023)

MITT dividend raises and cuts

TPG Mortgage Investment Trust, Inc. (MITT) has raised its regular dividend 12 times and cut it 7 times across the 60 payments on record since 2011. Its most recent change was a 4.3% increase to $0.240 per share, going ex-dividend on Mar 31, 2026. The last cut went ex-dividend on Nov 29, 2023.

Ex-date	Change	Old → new	Move
Mar 31, 2026	Raise	$0.230 → $0.240	+4.3%
Dec 31, 2025	Raise	$0.210 → $0.230	+9.5%
Jun 30, 2025	Raise	$0.200 → $0.210	+5.0%
Mar 31, 2025	Raise	$0.190 → $0.200	+5.3%
Jun 28, 2024	Raise	$0.180 → $0.190	+5.6%
Mar 27, 2024	Raise	$0.0500 → $0.180	+260.0%
Nov 29, 2023	Cut	$0.0800 → $0.0500	−37.5%
Nov 2, 2023	Cut	$0.180 → $0.0800	−55.6%
Dec 29, 2022	Cut	$0.210 → $0.180	−14.3%
Jun 29, 2021	Raise	$0.180 → $0.210	+16.7%
Mar 31, 2021	Raise	$0.0900 → $0.180	+100.0%
Dec 30, 2020	Cut	$1.35 → $0.0900	−93.3%

Show all 19 changes since 2011

Ex-date	Change	Old → new	Move
Sep 27, 2019	Cut	$1.50 → $1.35	−10.0%
Jun 28, 2018	Raise	$1.43 → $1.50	+5.3%
Dec 17, 2015	Cut	$1.80 → $1.43	−20.8%
Sep 17, 2013	Cut	$2.40 → $1.80	−25.0%
Dec 14, 2012	Raise	$2.31 → $2.40	+3.9%
Sep 14, 2012	Raise	$2.10 → $2.31	+10.0%
Dec 28, 2011	Raise	$1.20 → $2.10	+75.0%

Every MITT payment →Download every raise and cut (CSV)

MITT ex-dividend date & scheduleNext ex-date Sep 30, 2026 · full ex-dividend historyView →MITT dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is MITT a good dividend stock?

Higher risk. TPG Mortgage Investment Trust, Inc. (MITT) pays a quarterly dividend yielding 17.49% ($0.96/yr), with 2 years of growth and a dividend-safety grade of D. Treat the dividend with caution — recent cuts, a stretched payout or a falling price raise the risk.

Is MITT undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, MITT's fair value is about $15.35 versus a $5.49 share price — so it looks undervalued (+180% vs. fair value).

Is MITT's dividend safe?

MITT has a dividend-safety grade of D (40/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

What is MITT's fair value?

Our blended fair-value estimate for MITT is about $15.35 per share, roughly 180% above the current $5.49 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is MITT a buy, hold, or sell?

We don't issue formal ratings, but on the data MITT screens as "higher risk" and undervalued. TPG Mortgage Investment Trust, Inc. (MITT) pays a quarterly dividend yielding 17.49% ($0.96/yr), with 2 years of growth and a dividend-safety grade of D. Treat the dividend with caution — recent cuts, a stretched payout or a falling price raise the risk. This is research for your own analysis, not investment advice.

Will MITT cut its dividend?

MITT earns a dividend-safety grade of D (40/100), and has cut its dividend before (last in 2023). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does MITT pay a dividend?

Yes. TPG Mortgage Investment Trust, Inc. pays a quarterly dividend of about $0.96 per share annually, a forward yield of roughly 17.49%.

What is MITT's dividend yield?

As of Oct 27, 2026, MITT's forward dividend yield is 17.49%, based on a $0.96 annual dividend and a $5.49 share price.

What is MITT's dividend per share?

As of Oct 27, 2026, MITT pays $0.96 per share per year, distributed on a quarterly basis.

What is MITT's dividend payout ratio?

As of Oct 27, 2026, MITT's payout ratio is 124% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has MITT grown its dividend?

As of Oct 27, 2026, MITT has increased its dividend for 2 consecutive years.

When is the next MITT ex-dividend date?

As of Oct 27, 2026, MITT's next ex-dividend date hasn't been announced. The most recent was Sep 30, 2026, for $0.24 per share.

Dividend Growth

Total dividends per share by year

Dividend History

Full MITT dividend history →

Ex-Date	Pay Date	Amount	Type
Sep 30, 2026	Oct 30, 2026	$0.2400	regular
Jun 30, 2026	Jul 31, 2026	$0.2400	regular
Mar 31, 2026	Apr 30, 2026	$0.2400	regular
Dec 31, 2025	Jan 30, 2026	$0.2300	regular
Sep 30, 2025	Oct 31, 2025	$0.2100	regular
Jun 30, 2025	Jul 31, 2025	$0.2100	regular
Mar 31, 2025	Apr 30, 2025	$0.2000	regular
Dec 31, 2024	Jan 31, 2025	$0.1900	regular
Sep 30, 2024	Oct 31, 2024	$0.1900	regular
Jun 28, 2024	Jul 31, 2024	$0.1900	regular
Mar 27, 2024	Apr 30, 2024	$0.1800	regular
Dec 28, 2023	Jan 31, 2024	$0.0500	regular
Nov 29, 2023	Jan 2, 2024	$0.0500	regular
Nov 2, 2023	Nov 8, 2023	$0.0800	regular