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

Granite Real Estate Inc. Staple (NYSE:GRP.U) declared a monthly dividend on Tuesday, March 18th, Wall Street Journal reports. Stockholders of record on Monday, March 31st will be given a dividend of 0.1981 per share on Tuesday, April 15th. This represents a $2.38 annualized dividend and a dividend yield of 4.99%. The ex-dividend date of this dividend is Monday, March 31st.

Granite Real Estate Inc. Staple Trading Down 0.4 %

Granite Real Estate Inc. Staple stock opened at $47.60 on Wednesday. The company’s fifty day simple moving average is $47.69 and its 200-day simple moving average is $52.15. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.57. Granite Real Estate Inc. Staple has a 12 month low of $44.00 and a 12 month high of $65.63. The stock has a market cap of $2.96 billion and a P/E ratio of 13.30.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Granite Real Estate Inc. Staple from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 16th.

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.