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

Posted by Rob Hiaasen on Jan 22nd, 2025

Granite Real Estate Inc. Staple (NYSE:GRP.U – Get Free Report) announced a monthly dividend on Tuesday, January 21st,Wall Street Journal reports. Investors of record on Friday, January 31st will be given a dividend of 0.1967 per share on Friday, February 14th. This represents a $2.36 annualized dividend and a yield of 4.86%. The ex-dividend date of this dividend is Friday, January 31st.

Granite Real Estate Inc. Staple Trading Up 2.6 %

Shares of GRP.U opened at $48.57 on Wednesday. Granite Real Estate Inc. Staple has a 52 week low of $46.75 and a 52 week high of $65.63. The stock has a 50 day moving average of $50.69 and a 200-day moving average of $53.80. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57.

Granite Real Estate Inc. Staple (NYSE:GRP.U – Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.31. Granite Real Estate Inc. Staple had a return on equity of 5.71% and a net margin of 55.97%. The firm had revenue of $104.02 million during the quarter. During the same quarter in the previous year, the company earned $0.92 earnings per share. As a group, sell-side analysts expect that Granite Real Estate Inc. Staple will post 3.81 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Granite Real Estate Inc. Staple from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 16th.

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Granite Real Estate Inc. Staple Company Profile

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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.