What is the total return of GPMT over the past year?
Granite Point Mortgage Trust Inc. (GPMT) delivered a total return of -9.04% over the past year when dividends are reinvested. The price-only return was -15.70%, meaning dividends contributed an additional 6.66 percentage points to total returns.
How much would $10,000 invested in GPMT be worth today?
A $10,000 investment in Granite Point Mortgage Trust Inc. one year ago would be worth $9,096 today with dividends reinvested (DRIP). Without reinvesting dividends, the same investment would be worth $8,430. Dividend reinvestment added $666 to the portfolio value.
Does GPMT pay dividends?
Yes, Granite Point Mortgage Trust Inc. (GPMT) pays dividends. Over the past year, GPMT paid 4 dividends totaling $0.2000 per share. Reinvesting these dividends through a DRIP can significantly boost long-term returns.