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

Granite Real Estate Inc. Staple (NYSE:GRP.U) announced a monthly dividend on Tuesday, November 19th,Wall Street Journal reports. Shareholders of record on Wednesday, November 27th will be given a dividend of 0.1957 per share on Monday, December 16th. This represents a $2.35 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date of this dividend is Wednesday, November 27th.

Granite Real Estate Inc. Staple Price Performance

Granite Real Estate Inc. Staple stock opened at $52.83 on Monday. The firm has a market cap of $3.31 billion, a P/E ratio of 14.76 and a beta of 1.21. The stock’s 50 day moving average is $56.46 and its 200 day moving average is $53.76. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34. Granite Real Estate Inc. Staple has a one year low of $47.31 and a one year high of $65.63.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Granite Real Estate Inc. Staple from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 10th.

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.