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

Posted by Jessica Moore on Apr 19th, 2024

Granite Real Estate Inc. Staple (NYSE:GRP.U – Get Free Report) announced a monthly dividend on Wednesday, April 17th, Zacks reports. Shareholders of record on Tuesday, April 30th will be given a dividend of 0.203 per share on Wednesday, May 15th. This represents a $2.44 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date of this dividend is Monday, April 29th.

Granite Real Estate Inc. Staple Stock Down 2.9 %

GRP.U stock opened at $50.46 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.41 and a quick ratio of 0.41. Granite Real Estate Inc. Staple has a 52-week low of $45.35 and a 52-week high of $63.99. The company has a 50-day moving average of $55.20 and a two-hundred day moving average of $53.94. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 31.74 and a beta of 1.11.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Granite Real Estate Inc. Staple from a “buy” rating to a “hold” rating in a report on Friday, March 1st.

View Our Latest Stock Analysis on Granite Real Estate Inc. Staple

About Granite Real Estate Inc. Staple

(Get Free Report)

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.