Granite Real Estate Investment Trust (TSE:GRT) Declares Monthly Dividend of $0.28

Granite Real Estate Investment Trust (TSE:GRT) announced a monthly dividend on Wednesday, April 17th, Zacks reports. Stockholders of record on Tuesday, April 30th will be paid a dividend of 0.275 per share by the real estate investment trust on Wednesday, May 15th. This represents a $3.30 annualized dividend and a dividend yield of ∞. The ex-dividend date is Monday, April 29th.

Granite Real Estate Investment Trust Price Performance

Granite Real Estate Investment Trust has a one year low of C$30.78 and a one year high of C$38.97.

Granite Real Estate Investment Trust (TSE:GRT) last posted its quarterly earnings data on Wednesday, February 28th. The real estate investment trust reported C$0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.25 by C($0.76). The firm had revenue of C$129.80 million for the quarter.

Insider Buying and Selling at Granite Real Estate Investment Trust

In other news, Director Kevan Stuart Gorrie acquired 500 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were bought at an average price of C$74.75 per share, with a total value of C$37,375.00. In other Granite Real Estate Investment Trust news, Director Sheila A. Murray acquired 1,850 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were acquired at an average cost of C$72.78 per share, for a total transaction of C$134,643.00. Also, Director Kevan Stuart Gorrie purchased 500 shares of Granite Real Estate Investment Trust stock in a transaction dated Tuesday, March 5th. The stock was bought at an average price of C$74.75 per share, for a total transaction of C$37,375.00.

About Granite Real Estate Investment Trust

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.