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

Posted by Scott Moore on Oct 30th, 2024

Granite Real Estate Inc. Staple (NYSE:GRP.U – Get Free Report) declared a monthly dividend on Monday, October 21st, Wall Street Journal reports. Investors of record on Thursday, October 31st will be paid a dividend of 0.1994 per share on Friday, November 15th. This represents a $2.39 annualized dividend and a yield of 4.43%. The ex-dividend date of this dividend is Thursday, October 31st.

Granite Real Estate Inc. Staple Stock Performance

NYSE GRP.U opened at $54.00 on Wednesday. Granite Real Estate Inc. Staple has a 1-year low of $45.35 and a 1-year high of $65.63. The company has a 50 day moving average of $57.56 and a 200-day moving average of $53.40. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.52. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of 21.43 and a beta of 1.21.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Granite Real Estate Inc. Staple from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 25th.

Get Our Latest Report on Granite Real Estate Inc. Staple

About Granite Real Estate Inc. Staple

(Get Free Report)

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.