Granite Real Estate Inc. Staple (GRP.U) To Go Ex-Dividend on February 28th

Granite Real Estate Inc. Staple (NYSE:GRP.U) announced a monthly dividend on Tuesday, February 18th, Wall Street Journal reports. Investors of record on Friday, February 28th will be given a dividend of 0.1997 per share on Friday, March 14th. This represents a $2.40 annualized dividend and a dividend yield of 5.06%. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from Granite Real Estate Inc. Staple’s previous monthly dividend of $0.20.

Granite Real Estate Inc. Staple Stock Performance

Shares of GRP.U stock opened at $47.38 on Wednesday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57. Granite Real Estate Inc. Staple has a 52 week low of $45.45 and a 52 week high of $65.63. The company has a market cap of $2.97 billion and a PE ratio of 13.23. The company’s fifty day simple moving average is $48.26 and its 200-day simple moving average is $52.95.

Wall Street Analyst Weigh In

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

Granite Real Estate Inc. Staple Company Profile

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.