Granite Real Estate Inc. Staple (NYSE:GRP.U) Raises Dividend to $0.20 Per Share

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 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend is Friday, September 27th. This is a boost from Granite Real Estate Inc. Staple’s previous monthly dividend of $0.20.

Granite Real Estate Inc. Staple Stock Down 0.0 %

Shares of GRP.U traded down $0.03 during mid-day trading on Wednesday, hitting $60.05. 143 shares of the company’s stock were exchanged, compared to its average volume of 15,536. The firm has a fifty day moving average of $54.65 and a two-hundred day moving average of $52.97. Granite Real Estate Inc. Staple has a twelve month low of $45.35 and a twelve month high of $60.89. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 23.77 and a beta of 1.20. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.52.

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.