Granite Point Mortgage Trust Inc. announced a quarterly cash dividend of $0.05 per share of common stock for the second quarter of 2025, payable on July 15, 2025. The company also declared a quarterly cash dividend of $0.4375 per share for its 7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, also payable on July 15, 2025.
The company maintained strong momentum in repositioning its portfolio, completing two more loan resolutions during the second quarter. Additionally, the near-term sale of an REO office property was anticipated, further reducing exposure to real estate owned assets.
Consistent with its strategy to support long-term shareholder value, Granite Point repurchased 1.25 million of its common shares during the quarter. These repurchases generated book value accretion, reflecting management's belief that the stock presents a compelling total return opportunity for investors.
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