Granite Point Mortgage's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Granite Point Mortgage (NYSE:GPMT) announced a quarterly dividend of 20 cents per share, with the ex-dividend date set for Friday. Shareholders owning GPMT stock prior to the ex-dividend date are eligible for the dividend payout, which will be distributed on July 17, 2023.
June 27, 2023 | 2:45 pm
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Granite Point Mortgage's ex-dividend date is Friday, with a 20 cents per share quarterly dividend. Shareholders owning the stock before the ex-dividend date are eligible for the payout on July 17, 2023.
The announcement of a dividend payout typically has a neutral short-term impact on the stock price. The stock will likely open 20 cents lower on the ex-dividend date to reflect the payout, but this is a normal adjustment and not a negative signal for the company.
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