Granite Real Estate Inc. Staple (GRP.U) To Go Ex-Dividend on December 31st

Granite Real Estate Inc. Staple (NYSE:GRP.U) announced a monthly dividend on Wednesday, December 18th,Wall Street Journal reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.1979 per share on Wednesday, January 15th. This represents a $2.38 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date is Tuesday, December 31st. This is an increase from Granite Real Estate Inc. Staple’s previous monthly dividend of $0.20.

Granite Real Estate Inc. Staple Stock Down 1.2 %

NYSE:GRP.U opened at $48.94 on Friday. The company has a market cap of $3.07 billion and a PE ratio of 13.67. 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 company’s 50 day moving average is $53.69 and its two-hundred day moving average is $53.88. Granite Real Estate Inc. Staple has a twelve month low of $47.31 and a twelve month high of $65.63.

Analyst Ratings Changes

Separately, StockNews.com raised shares of 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.