Granite Point Mortgage's Ex-Dividend Date Is Thursday, 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 Thursday. Shareholders owning the stock by the end of Wednesday are eligible for the dividend, payable on January 16, 2024. The stock is expected to open 20 cents lower on the ex-dividend date.
December 25, 2023 | 2:45 pm
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Granite Point Mortgage (GPMT) will pay a quarterly dividend of $0.20/share, with shares expected to open lower by the dividend amount on the ex-dividend date.
The stock price of GPMT is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the market adjusts for the payout. This is a common occurrence when stocks go ex-dividend.
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