Granite Point Mortgage Trust Inc.
GPMTReal Estate · Stock · quarterly payer
Forward Yield
14.49%
Annual Dividend
$0.20
Payout Ratio
588%
5-Yr Growth
-31.2%
Ex-Date
Jul 1, 2026
Frequency
Quarterly
Summary
As of July 2026, Granite Point Mortgage Trust Inc. (GPMT) yields 14.49% ($0.20 per share annually), with a blended fair-value estimate of $1.79 — +30% upside, so it screens as undervalued. Dividend safety grade: D (42/100).
Is GPMT a good dividend stock?
MixedGranite Point Mortgage Trust Inc. (GPMT) pays a quarterly dividend yielding 14.49% ($0.20/yr), with 0 years 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
- 14.49%
- Payout Ratio
- 588%
- Annual Dividend
- $0.20
- 5-Yr Avg Growth
- -31.2%
- Ex-Dividend Date
- Jul 1, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 1.63
- Market Cap
- $66.1M
- P/E Ratio
- —
- 5-Yr Total Return
- -90%
- 52-Week Range
- $1.24 – $3.12
- Dividend Safety
- D · 42/100
- Ever Cut?
- Yes (2024)
Frequently Asked Questions
GPMT Price — Last 12 Months
Daily close
Price Return
1 Year
-52%
3 Years
-74%
5 Years
-90%
52-Week Range
$1.24 – $3.12
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is GPMT worth?
Undervaluedlow confidenceOur blended fair-value estimate for Granite Point Mortgage Trust Inc. is $1.79 per share, versus a market price of $1.38. That implies 30% of upside — a margin of safety of about 23%.
Fair Value
$1.79
Current Price
$1.38
Upside
+30%
Margin of Safety
23%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 12.0% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, -$1.07 EPS, $0.20 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
GPMT Dividend Safety Score
Risky
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
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 1, 2026 | — | $0.0500 | regular |
| 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 |
Income Calculator
At $0.20 / yr per share
