Granite Real Estate Inc. Staple (GRP.U) to Issue Monthly Dividend of $0.20 on February 14th

Granite Real Estate Inc. Staple (NYSE:GRP.UGet Free Report) announced a monthly dividend on Tuesday, January 21st,Wall Street Journal reports. Investors of record on Friday, January 31st will be paid a dividend of 0.1967 per share on Friday, February 14th. This represents a $2.36 annualized dividend and a yield of 4.88%. The ex-dividend date is Friday, January 31st.

Granite Real Estate Inc. Staple Price Performance

Shares of NYSE GRP.U opened at $48.34 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.34 and a current ratio of 1.34. Granite Real Estate Inc. Staple has a 52-week low of $46.75 and a 52-week high of $65.63. The stock’s fifty day simple moving average is $50.07 and its 200 day simple moving average is $53.70.

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

Wall Street Analyst Weigh In

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

Read Our Latest Research Report on Granite Real Estate Inc. Staple

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.

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Dividend History for Granite Real Estate Inc. Staple (NYSE:GRP.U)

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