Granite Point Mortgage Trust's Series A Preferred Stock Crosses Above 6.5% Yield Territory
March 25, 2024 at 14:50 PM EDT
In trading on Monday, shares of Granite Point Mortgage Trust Inc's 5.75% Dep Shares Series A Cumulative Preferred Stock (GRBK. RA) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.4375), with shares changing hands as low as $21.80 on the day.
