Granite Real Estate Investment Trust (TSE:GRT) to Issue $0.28 Monthly Dividend

Posted by Sean Solarzano on Jul 30th, 2024

Granite Real Estate Investment Trust (TSE:GRT – Get Free Report) declared a monthly dividend on Wednesday, July 17th, Zacks reports. Shareholders of record on Wednesday, July 31st will be given a dividend of 0.275 per share by the real estate investment trust on Thursday, August 15th. This represents a $3.30 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend is Wednesday, July 31st.

Granite Real Estate Investment Trust Stock Performance

Granite Real Estate Investment Trust has a fifty-two week low of C$30.78 and a fifty-two week high of C$38.97.

Granite Real Estate Investment Trust (TSE:GRT – Get Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The real estate investment trust reported C$1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.26 by C$0.14. The company had revenue of C$138.95 million during the quarter.

Insider Buying and Selling

In other Granite Real Estate Investment Trust news, Director Al Mawani bought 1,000 shares of Granite Real Estate Investment Trust stock in a transaction that occurred on Friday, June 14th. The stock was purchased at an average price of C$67.26 per share, with a total value of C$67,256.00. In other news, Director Al Mawani purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were bought at an average price of C$67.26 per share, for a total transaction of C$67,256.00. Also, Director Kevan Stuart Gorrie purchased 500 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were purchased at an average price of C$70.65 per share, for a total transaction of C$35,325.00. Insiders acquired a total of 2,825 shares of company stock valued at $191,184 over the last 90 days.

Granite Real Estate Investment Trust Company Profile

(Get Free Report)

Granite Real Estate Investment Trust is a real estate investment trust (REIT). It is engaged principally in the acquisition, development, construction, leasing, management and ownership of an industrial global rental portfolio of properties in North America and Europe leased primarily to Magna International Inc and its automotive operating units.