Granite Real Estate Investment Trust (GRT) To Go Ex-Dividend on July 31st

Granite Real Estate Investment Trust (TSE:GRT) announced a monthly dividend on Wednesday, July 17th, Zacks reports. Investors of record on Wednesday, July 31st will be given a dividend of 0.275 per share by the real estate investment trust on Thursday, August 15th. This represents a $3.30 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend is Wednesday, July 31st.

Granite Real Estate Investment Trust Price Performance

Granite Real Estate Investment Trust has a fifty-two week low of C$30.78 and a fifty-two week high of C$38.97.

Granite Real Estate Investment Trust (TSE:GRT) last released its quarterly earnings results on Wednesday, May 8th. The real estate investment trust reported C$1.40 earnings per share for the quarter, topping the consensus estimate of C$1.26 by C$0.14. The firm had revenue of C$138.95 million for the quarter.

Insiders Place Their Bets

In other Granite Real Estate Investment Trust news, Director Al Mawani purchased 1,000 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were bought at an average price of C$67.26 per share, for a total transaction of C$67,256.00. In other news, Senior Officer Michael Anthony Ramparas bought 400 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was acquired at an average price of C$67.50 per share, with a total value of C$27,000.00. Also, Director Al Mawani purchased 1,000 shares of the stock in a transaction on Friday, June 14th. The shares were purchased at an average price of C$67.26 per share, with a total value of C$67,256.00. Insiders have acquired 2,825 shares of company stock valued at $191,184 in the last ninety days.

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.