Granite Real Estate Inc. Staple (GRP.U) to Issue Monthly Dividend of $0.20 on May 15th

Granite Real Estate Inc. Staple (NYSE:GRP.U) declared a monthly dividend on Wednesday, April 17th, Zacks reports. Shareholders of record on Tuesday, April 30th will be given a dividend of 0.203 per share on Wednesday, May 15th. This represents a $2.44 annualized dividend and a yield of 4.81%. The ex-dividend date is Monday, April 29th.

Granite Real Estate Inc. Staple Stock Up 0.6 %

Granite Real Estate Inc. Staple stock opened at $50.61 on Friday. The stock has a market cap of $3.20 billion, a P/E ratio of 31.83 and a beta of 1.11. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.53. Granite Real Estate Inc. Staple has a twelve month low of $45.35 and a twelve month high of $62.55. The company’s 50-day moving average price is $54.59 and its two-hundred day moving average price is $53.88.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Granite Real Estate Inc. Staple from a “buy” rating to a “hold” rating in a research report on Friday, March 1st.

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.