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

Granite Real Estate Inc. Staple (NYSE:GRP.U) declared a monthly dividend on Tuesday, November 19th,Wall Street Journal reports. Shareholders of record on Wednesday, November 27th will be given a dividend of 0.1957 per share on Monday, December 16th. This represents a $2.35 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date of this dividend is Wednesday, November 27th.

Granite Real Estate Inc. Staple Stock Performance

Granite Real Estate Inc. Staple stock opened at $53.99 on Tuesday. Granite Real Estate Inc. Staple has a 12-month low of $47.31 and a 12-month high of $65.63. The stock has a 50-day simple moving average of $56.35 and a 200 day simple moving average of $53.77. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 15.08 and a beta of 1.21.

Analyst Ratings Changes

Separately, StockNews.com raised 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.