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

Granite Real Estate Inc. Staple (NYSE:GRP.U) announced a monthly dividend on Tuesday, February 18th,Wall Street Journal reports. Investors of record on Friday, February 28th will be paid a dividend of 0.1997 per share on Friday, March 14th. This represents a $2.40 annualized dividend and a yield of 4.96%. The ex-dividend date is Friday, February 28th. 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 %

GRP.U stock traded down $0.02 during midday trading on Tuesday, hitting $48.33. The stock had a trading volume of 8,850 shares, compared to its average volume of 13,905. The firm has a market cap of $3.03 billion and a price-to-earnings ratio of 13.50. The business has a 50-day moving average of $48.66 and a two-hundred day moving average of $53.15. Granite Real Estate Inc. Staple has a 52-week low of $45.45 and a 52-week high of $65.63. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34.

Wall Street Analyst Weigh In

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

Granite Real Estate Inc. Staple Company Profile

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.