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

Granite Real Estate Inc. Staple (NYSE:GRP.U) announced a monthly dividend on Monday, October 21st, Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date of this dividend is Thursday, October 31st.

Granite Real Estate Inc. Staple Stock Down 0.5 %

Shares of NYSE GRP.U opened at $55.00 on Wednesday. Granite Real Estate Inc. Staple has a 12-month low of $45.35 and a 12-month high of $65.63. The stock has a market cap of $3.45 billion, a P/E ratio of 21.83 and a beta of 1.21. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.52. The business’s fifty day simple moving average is $57.38 and its 200-day simple moving average is $53.44.

About Granite Real Estate Inc. Staple

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.