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

Granite Real Estate Inc. Staple (NYSE:GRP.U) declared a monthly dividend on Tuesday, November 19th,Wall Street Journal reports. Stockholders 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 annualized dividend and a dividend yield of 4.43%. The ex-dividend date of this dividend is Wednesday, November 27th.

Granite Real Estate Inc. Staple Stock Performance

Shares of Granite Real Estate Inc. Staple stock traded up $0.22 on Tuesday, hitting $53.07. The stock had a trading volume of 3,538 shares, compared to its average volume of 14,031. The company’s 50 day moving average price is $56.89 and its 200 day moving average price is $53.70. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 14.78 and a beta of 1.21. Granite Real Estate Inc. Staple has a 52-week low of $47.31 and a 52-week high of $65.63.

Analysts Set New Price Targets

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

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.