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

Granite Real Estate Inc. Staple (NYSE:GRP.U) announced a monthly dividend on Tuesday, November 19th,Wall Street Journal reports. Shareholders of record on Wednesday, November 27th will be paid a dividend of 0.1957 per share on Monday, December 16th. This represents a $2.35 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date is Wednesday, November 27th.

Granite Real Estate Inc. Staple Stock Down 0.6 %

NYSE GRP.U traded down $0.34 during trading on Wednesday, hitting $52.73. 200 shares of the company traded hands, compared to its average volume of 14,033. 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 business has a fifty day simple moving average of $56.80 and a 200 day simple moving average of $53.72. The company has a market capitalization of $3.31 billion, a P/E ratio of 14.87 and a beta of 1.21. Granite Real Estate Inc. Staple has a 12 month low of $47.31 and a 12 month high of $65.63.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Granite Real Estate Inc. Staple from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 10th.

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.