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

Posted by Jim Brewer on Apr 19th, 2024

Granite Real Estate Inc. Staple (NYSE:GRP.U – Get Free Report) declared a monthly dividend on Wednesday, April 17th, Zacks reports. Stockholders 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 dividend yield of 4.83%. The ex-dividend date is Monday, April 29th.

Granite Real Estate Inc. Staple Trading Down 2.9 %

GRP.U opened at $50.46 on Friday. The business’s 50-day simple moving average is $55.20 and its 200-day simple moving average is $53.94. The company has a market cap of $3.19 billion, a P/E ratio of 31.74 and a beta of 1.11. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.41 and a current ratio of 0.41. Granite Real Estate Inc. Staple has a one year low of $45.35 and a one year high of $63.99.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Granite Real Estate Inc. Staple from a “buy” rating to a “hold” rating in a research note on Friday, March 1st.

Read Our Latest Stock Analysis on GRP.U

About Granite Real Estate Inc. Staple

(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.