PreferredStockChannel

Slideshow Highest Yielding Preferred Stocks

By Preferred Stock Channel Staff, updated Thu, March 28, 10:29 AM

#47. Granite Point Mortgage Trust Inc | 7.0% Ser A Fix/Float Cumul Prrd Stock (NYSE:GPMT.PRA) | 9.58% CURRENT YIELD

Discount to Liquidation Preference: -26.96%Average Discount in Category: -12.96%
Current Annualized Yield: 9.58%Average Yield in Category: 7.73%
Days Since Last Ex-Div Date: 1 | See Dividend History »Categorization: Real Estate

Series:A
Alternate symbology:GPMT-A, GPMT-PA, GPMTprA
Redeemable?:Yes
Call Date:11/30/2026
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:4,000,000
Overallotment:600,000
Liquidation Preference:$25.00
Recent Market Price:$18.26
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-6.74 (-26.96%)
Annualized Dividend:1.75
Recent Ex-Date:3/28/2024
Current Yield:9.58%
Original Coupon:7.00% untl 01/15/2027, then dividends will be paid at a floating rate of the Three-Month SOFR plus 5.83% per annum, provided, however, that in no event shall the Floating Rate be lower than 7.00% per annum
Pay Period:Quarterly
Pay Dates:15-Jan, 15-Apr, 15-Jul, 15-Oct
CDx3 Compliance Rating: Learn GPMT.PRA's Rating
Granite Point Mortgage Trust is a holding company. Through its subsidiaries, Co. is a real estate finance company that focuses primarily on directly originating, investing in and managing senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments. These investments are capitalized by accessing a variety of funding options, including borrowing under Co.'s bank credit facilities or other asset-specific financings, issuing commercial real estate collateralized loan obligations, entering into term financing agreements, and issuing other forms of secured and unsecured debt and equity securities. Co. operates as a real estate investment trust.

Preferreds: GPMT.PRA, GRBK.PRA


Open the GPMT Information Page »
Name: 
Granite Point Mortgage Trust Inc
Website: 
www.gpmtreit.com
Sector: 
REITs
Number of ETFs Holding GPMT: 
17 (see which ones)
Total Market Value Held by ETFs: 
$27,851,289
Total Market Capitalization: 
$249,000,000
% of Market Cap. Held by ETFs: 
11.19%

Quotes delayed 20 minutes

Email EnvelopeFree Email Alerts:
Get Dividend Alerts
Get SEC Filing Alerts
Top Ten Highest Yielding Preferred Stocks
Feel-Good Income: Socially Responsible Preferreds
Dividend Channel's 25 S.A.F.E. Dividend Stocks
Increasing Payments For Decades

Safer than S.A.F.E: Preferreds of Dividend Channel's
S.A.F.E. Dividend Stocks

Recent Preferred Stock Offerings
Preferred Stocks of Dow Components
Preferred Stocks of S&P 500 Components
Preferred Stocks By Industry
Preferred Stocks Where Insiders Are Buying The Common
High Yield Preferred Stocks
Preferreds Trading At Premiums To Liquidation Preference
Preferreds Trading At Discounts To Liquidation Preference
The Top 10 DividendRank'ed U.S. Stocks
The Top 10 DividendRank'ed Canadian Stocks
Top 25 Broker Analyst Picks of the S&P 500
Stock market game

Highest Yielding Preferred Stocks - Slide 4 of 50 | www.PreferredStockChannel.com

Copyright © 2010 - 2024, All Rights Reserved Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.