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

Granite Real Estate Inc. Staple (NYSE:GRP.U - Get Free Report) announced a monthly dividend on Monday, April 21st, Wall Street Journal reports. Investors of record on Wednesday, April 30th will be given a dividend of 0.2042 per share on Thursday, May 15th. This represents a $2.45 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date is Wednesday, April 30th. This is a 3.0% increase from Granite Real Estate Inc. Staple's previous monthly dividend of $0.20.

Granite Real Estate Inc. Staple Trading Down 0.7 %

Shares of GRP.U traded down $0.33 during mid-day trading on Friday, reaching $45.27. The company had a trading volume of 121 shares, compared to its average volume of 14,005. The stock has a market cap of $2.82 billion and a price-to-earnings ratio of 12.64. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57. The firm has a fifty day simple moving average of $45.79 and a 200-day simple moving average of $49.46. Granite Real Estate Inc. Staple has a fifty-two week low of $38.37 and a fifty-two week high of $65.63.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded 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.