Granite Real Estate Inc. Staple (NYSE:GRP.U) to Issue Monthly Dividend of $0.20

Granite Real Estate Inc. Staple (NYSE:GRP.U) declared a monthly dividend on Monday, September 16th, Zacks reports. Stockholders of record on Friday, September 27th will be paid a dividend of 0.204 per share on Tuesday, October 15th. This represents a $2.45 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date is Friday, September 27th. This is a positive change from Granite Real Estate Inc. Staple’s previous monthly dividend of $0.20.

Granite Real Estate Inc. Staple Price Performance

Shares of GRP.U stock traded down $0.03 during mid-day trading on Wednesday, reaching $60.05. The stock had a trading volume of 143 shares, compared to its average volume of 15,536. Granite Real Estate Inc. Staple has a 12-month low of $45.35 and a 12-month high of $60.89. The company has a market cap of $3.77 billion, a P/E ratio of 23.77 and a beta of 1.20. The business has a 50-day simple moving average of $54.65 and a 200 day simple moving average of $52.97. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.52.

Granite Real Estate Inc. Staple Company Profile

Granite Real Estate Investment Trust is engaged in the ownership and management of predominantly industrial properties in Canada, the United States, Mexico and Europe. The Company owns and manages rental income properties. Its services include sourcing and real estate acquisition, site development, assisting with government approvals and re-zoning to specific uses, build-to-suit construction, property renovation, project management and long-term leasing.