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

Posted by Emily Schoerning on Oct 29th, 2024

Granite Real Estate Inc. Staple (NYSE:GRP.U – Get Free Report) declared a monthly dividend on Monday, October 21st, Wall Street Journal reports. Investors of record on Thursday, October 31st will be given a dividend of 0.1994 per share on Friday, November 15th. This represents a $2.39 annualized dividend and a yield of 4.51%. The ex-dividend date is Thursday, October 31st.

Granite Real Estate Inc. Staple Stock Performance

NYSE GRP.U opened at $53.00 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.37 and a quick ratio of 0.37. The company has a market cap of $3.33 billion, a P/E ratio of 21.03 and a beta of 1.21. The stock has a 50-day moving average of $57.54 and a two-hundred day moving average of $53.39. Granite Real Estate Inc. Staple has a 1-year low of $45.35 and a 1-year high of $65.63.

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 Friday.

Read Our Latest Analysis on GRP.U

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.