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, March 18th, Wall Street Journal reports. Investors of record on Monday, March 31st will be given a dividend of 0.1981 per share on Tuesday, April 15th. This represents a $2.38 annualized dividend and a dividend yield of 4.97%. The ex-dividend date is Monday, March 31st.

Granite Real Estate Inc. Staple Stock Up 0.4 %

NYSE GRP.U opened at $47.81 on Thursday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a 50-day simple moving average of $47.68 and a 200 day simple moving average of $52.12. Granite Real Estate Inc. Staple has a twelve month low of $44.00 and a twelve month high of $65.63. The stock has a market cap of $2.98 billion and a PE ratio of 13.35.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Granite Real Estate Inc. Staple from a “buy” rating to a “strong-buy” rating in a research note 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.