Granite Real Estate Inc. Staple (NYSE:GRP.U - Get Free Report) announced a monthly dividend on Wednesday, December 18th,Wall Street Journal reports. Investors 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 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 Performance
GRP.U stock traded down $1.18 during midday trading on Wednesday, reaching $49.54. 21,808 shares of the company were exchanged, compared to its average volume of 13,678. Granite Real Estate Inc. Staple has a one year low of $47.31 and a one year high of $65.63. The firm has a market capitalization of $3.11 billion and a price-to-earnings ratio of 13.84. The business has a 50-day moving average price of $53.84 and a two-hundred day moving average price of $53.92. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of Granite Real Estate Inc. Staple from a "buy" rating to a "strong-buy" rating in a research report on Sunday, November 10th.
View Our Latest Research Report on Granite Real Estate Inc. Staple
About Granite Real Estate Inc. Staple
(
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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.
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