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

Posted by Hayley Millar on Apr 28th, 2024

Granite Real Estate Inc. Staple (NYSE:GRP.U – Get Free Report) declared a monthly dividend on Wednesday, April 17th, Zacks reports. Shareholders of record on Tuesday, April 30th will be given a dividend of 0.203 per share on Wednesday, May 15th. This represents a $2.44 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date of this dividend is Monday, April 29th.

Granite Real Estate Inc. Staple Price Performance

NYSE:GRP.U opened at $50.61 on Friday. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 31.83 and a beta of 1.11. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.53. The company’s 50-day moving average is $54.59 and its two-hundred day moving average is $53.88. Granite Real Estate Inc. Staple has a 12-month low of $45.35 and a 12-month high of $62.55.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Granite Real Estate Inc. Staple from a “buy” rating to a “hold” rating in a report on Friday, March 1st.

Read Our Latest Report on Granite Real Estate Inc. Staple

Granite Real Estate Inc. Staple Company Profile

(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.