Granite Point Mortgage Trust's Series A Preferred Stock Yield Pushes Past 9%

Granite Point Mortgage Trust’s 7.0% Series A preferred stock (GPMT.PRA) was yielding above 9% based on an annualized quarterly dividend of $1.75, with shares trading as low as $19.35. The note is primarily a factual yield update on the preferred issue and reflects income-oriented trading rather than a major company event.

Analysis

Granite Point Mortgage Trust’s 7.0% Series A preferred stock (GPMT.PRA) was yielding above 9% based on an annualized quarterly dividend of $1.75, with shares trading as low as $19.35. The note is primarily a factual yield update on the preferred issue and reflects income-oriented trading rather than a major company event.