This company raised their dividend again. This time it increased to $0.40 per quarter. A recent rally in the share price brought them down from "Strong Buy" to "Regular Buy". The rally followed on the back of a solid Q1 earnings release. I'll share my research from the night of the release. The company launched their first CLO in Q2 of 2018. Their update in the Q1 earnings release was a huge positive signal. When the price falls and people launch into personal attacks, disregard them. They are an indication that the stock is hitting bottom.
Granite Point Mortgage Trust (GPMT) just delivered another dividend increase. This one brings the dividend up to $.40, from $.38. That is a 5.3% increase and comes on the back of a solid rally since they bottomed out earlier this year. The dividend increase is yet another sign of the REIT’s movement towards higher leverage and stronger net interest income. Net interest income drives Core EPS and dividend growth.
Source: Seeking Alpha
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Rock-Solid 8% Yielder Raises The Dividend Again
Posted by D4L | Friday, July 13, 2018 | ArticleLinks | 0 comments »________________________________________________________________
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