Granite Real Estate Investment Trust Announces Monthly Dividend of $0.28 (TSE:GRT)

Granite Real Estate Investment Trust (TSE:GRT) announced a monthly dividend on Wednesday, April 17th, Zacks reports. Shareholders of record on Tuesday, April 30th will be paid a dividend of 0.275 per share by the real estate investment trust on Wednesday, May 15th. This represents a $3.30 dividend on an annualized basis and a yield of ?. The ex-dividend date is Monday, April 29th.

Granite Real Estate Investment Trust Price Performance

Granite Real Estate Investment Trust has a one year low of C$30.78 and a one year high of C$38.97.

Granite Real Estate Investment Trust (TSE:GRT) last issued its quarterly earnings results on Wednesday, February 28th. The real estate investment trust reported C$0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.25 by C($0.76). The business had revenue of C$129.80 million for the quarter.

Insiders Place Their Bets

In other news, Director Kevan Stuart Gorrie bought 500 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were purchased at an average cost of C$74.75 per share, for a total transaction of C$37,375.00. In other news, Director Kevan Stuart Gorrie bought 500 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were purchased at an average cost of C$74.75 per share, for a total transaction of C$37,375.00. Also, Director Sheila A. Murray bought 1,850 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were purchased at an average price of C$72.78 per share, for a total transaction of C$134,643.00.

Granite Real Estate Investment Trust Company Profile

Granite Real Estate Investment Trust is a real estate investment trust (REIT). It is engaged principally in the acquisition, development, construction, leasing, management and ownership of an industrial global rental portfolio of properties in North America and Europe leased primarily to Magna International Inc and its automotive operating units.