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

Granite Real Estate Inc. Staple (NYSE:GRP.U) announced a monthly dividend on Monday, September 16th, Zacks reports. Investors of record on Friday, September 27th will be paid a dividend of 0.204 per share on Tuesday, October 15th. This represents a $2.45 annualized dividend and a dividend yield of 4.08%. The ex-dividend date is Friday, September 27th. This is a positive change from Granite Real Estate Inc. Staple’s previous monthly dividend of $0.20.

Granite Real Estate Inc. Staple Stock Performance

Shares of NYSE GRP.U traded down $0.03 during mid-day trading on Wednesday, hitting $60.05. 143 shares of the company were exchanged, compared to its average volume of 15,536. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.52. The stock has a 50 day simple moving average of $54.65 and a 200-day simple moving average of $52.97. Granite Real Estate Inc. Staple has a 1-year low of $45.35 and a 1-year high of $60.89. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of 23.77 and a beta of 1.20.

About Granite Real Estate Inc. Staple

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.