CEO Jack Taylor says the new quarterly dividend was set cons...
CEO Jack Taylor says the new quarterly dividend was set considering factors like nonaccrual loans' impact on near-to-medium-term profitability, low leverage, commercial real estate market trends, and future interest rate cut expectations. He believes resolving nonaccrual loans will boost the company's run-rate earnings over time.
Press Release: Granite Point Mortgage Trust Inc. Announces First Quarter 2024 Common and Preferred Stock Dividends
Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates.
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