Granite Real Estate Inc. Staple (NYSE:GRP.U) Raises Dividend to $0.20 Per Share

Posted by Elija Maina on Dec 19th, 2024

Granite Real Estate Inc. Staple (NYSE:GRP.U – Get Free Report) declared a monthly dividend on Wednesday, December 18th,Wall Street Journal reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.1979 per share on Wednesday, January 15th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date is Tuesday, December 31st. This is an increase from Granite Real Estate Inc. Staple’s previous monthly dividend of $0.20.

Granite Real Estate Inc. Staple Stock Down 2.3 %

GRP.U opened at $49.54 on Thursday. Granite Real Estate Inc. Staple has a fifty-two week low of $47.31 and a fifty-two week high of $65.63. The company’s 50-day moving average is $53.84 and its 200 day moving average is $53.92. The firm has a market capitalization of $3.11 billion and a P/E ratio of 13.84. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34.

Analyst Ratings Changes

Separately, StockNews.com raised Granite Real Estate Inc. Staple from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 10th.

Read Our Latest Stock Analysis on GRP.U

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.