Granite Real Estate Investment Trust (TSE:GRT) Plans Monthly Dividend of $0.28

Granite Real Estate Investment Trust (TSE:GRT) declared a monthly dividend on Wednesday, April 17th, Zacks reports. Stockholders of record on Tuesday, April 30th will be given a dividend of 0.275 per share by the real estate investment trust on Wednesday, May 15th. This represents a $3.30 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend is Monday, April 29th.

Granite Real Estate Investment Trust Price Performance

Granite Real Estate Investment Trust has a 1 year low of C$30.78 and a 1 year high of C$38.97.

Granite Real Estate Investment Trust (TSE:GRT) last issued its quarterly earnings results on Wednesday, February 28th. The real estate investment trust reported C$0.49 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.25 by C($0.76). The company had revenue of C$129.80 million for the quarter.

Insider Activity

In related news, Director Kevan Stuart Gorrie purchased 500 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was bought at an average price of C$74.75 per share, for a total transaction of C$37,375.00. In other news, Director Kevan Stuart Gorrie purchased 500 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were purchased at an average price of C$74.75 per share, with a total value of C$37,375.00. Also, Director Sheila A. Murray bought 1,850 shares of Granite Real Estate Investment Trust stock in a transaction dated Friday, March 1st. The stock was acquired at an average price of C$72.78 per share, with a total value of C$134,643.00.

Granite Real Estate Investment Trust Company Profile

Granite Real Estate Investment Trust is a real estate investment trust (REIT). It is engaged principally in the acquisition, development, construction, leasing, management and ownership of an industrial global rental portfolio of properties in North America and Europe leased primarily to Magna International Inc and its automotive operating units.