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

Granite Real Estate Inc. Staple (NYSE:GRP.U) announced a monthly dividend on Tuesday, January 21st,Wall Street Journal reports. Stockholders of record on Friday, January 31st will be paid a dividend of 0.1967 per share on Friday, February 14th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date of this dividend is Friday, January 31st.

Granite Real Estate Inc. Staple Price Performance

Shares of NYSE:GRP.U traded up $1.25 during trading on Tuesday, reaching $48.57. The stock had a trading volume of 15,185 shares, compared to its average volume of 7,795. 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 business has a fifty day moving average price of $50.69 and a 200-day moving average price of $53.80. The stock has a market cap of $3.05 billion and a PE ratio of 13.57. Granite Real Estate Inc. Staple has a 1-year low of $46.75 and a 1-year high of $65.63.

Analyst Upgrades and Downgrades

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.