Granite Point Mortgage Trust Inc. announced a quarterly cash dividend of $0.05 per share of common stock for the third quarter of 2025, payable on October 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 October 15, 2025.
The company reported continued progress in resolving nonperforming loans throughout 2025. This includes a partial resolution on a loan secured by an office and retail property located in Chicago, indicating ongoing efforts to manage and de-risk its portfolio.
These dividend declarations and operational updates reflect management's commitment to maintaining shareholder distributions while actively working through its loan portfolio challenges. The focus remains on repositioning the portfolio for future stability and growth.
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