Granite Real Estate Inc. Staple (GRP.U) to Issue Monthly Dividend of $0.20 on March 14th

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 yield of 4.94%. The ex-dividend date is Friday, February 28th. This is an increase from Granite Real Estate Inc. Staple’s previous monthly dividend of $0.20.

Granite Real Estate Inc. Staple Trading Down 0.2 %

NYSE:GRP.U opened at $48.53 on Thursday. Granite Real Estate Inc. Staple has a 52-week low of $45.45 and a 52-week high of $65.63. The stock has a fifty day moving average of $48.54 and a 200 day moving average of $53.09. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34.

Analyst Ratings Changes

Separately, StockNews.com raised Granite Real Estate Inc. Staple from a “buy” rating to a “strong-buy” rating in a research note 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.