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

Granite Real Estate Inc. Staple (NYSE:GRP.U) announced a monthly dividend on Wednesday, December 18th,Wall Street Journal reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.1979 per share on Wednesday, January 15th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date is Tuesday, December 31st. This is a boost from Granite Real Estate Inc. Staple’s previous monthly dividend of $0.20.

Granite Real Estate Inc. Staple Stock Down 2.3 %

Shares of Granite Real Estate Inc. Staple stock opened at $49.54 on Thursday. The company has a market capitalization of $3.11 billion and a P/E ratio of 13.84. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34. The business has a 50-day moving average of $53.84 and a two-hundred day moving average of $53.92. Granite Real Estate Inc. Staple has a 1 year low of $47.31 and a 1 year high of $65.63.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Granite Real Estate Inc. Staple from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 10th.

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.