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

Granite Real Estate Inc. Staple (NYSE:GRP.U) announced a monthly dividend on Tuesday, March 18th, Wall Street Journal reports. Investors of record on Monday, March 31st will be paid a dividend of 0.1981 per share on Tuesday, April 15th. This represents a $2.38 annualized dividend and a yield of 4.99%. The ex-dividend date is Monday, March 31st.

Granite Real Estate Inc. Staple Price Performance

Shares of NYSE:GRP.U opened at $47.60 on Wednesday. Granite Real Estate Inc. Staple has a 12 month low of $44.00 and a 12 month high of $65.63. The stock has a market cap of $2.96 billion and a price-to-earnings ratio of 13.30. The stock’s 50 day moving average price is $47.69 and its 200 day moving average price is $52.15. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Granite Real Estate Inc. Staple from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 16th.

About Granite Real Estate Inc. Staple

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.