Highest dividend rate combined with highest dividend growth rate on Shares that have increased in value this quarter
9/24/2024 05:53pm
The stock with the highest dividend rate combined with the highest dividend growth rate among shares that have increased in value this quarter is Granite Point Mortgage Trust (GPMT), with the following characteristics:
1. **High Dividend Yield**: GMTD offers a dividend yield of 21.13%, which is the highest among all stocks that have increased in value this quarter.
2. **High Dividend Growth Rate**: GMTD has a dividend growth rate of 1/490, which, while not the highest, is still relatively high considering the large number of stocks in the ranking.
3. **Positive Performance**: GMTD's stock has experienced a 21.54% increase in value this quarter, making it one of the top performers.
Given these characteristics, Granite Point Mortgage Trust appears to be an attractive option for income-focused investors seeking a high dividend yield with some growth potential, particularly among stocks that have performed well this quarter. However, as with any investment, it's important to conduct thorough due diligence before investing in any stock, considering factors such as the company's financial health, growth prospects, and the sustainability of its dividend payouts.