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

Posted by Paula Ricardo on Mar 29th, 2025

Granite Real Estate Inc. Staple (NYSE:GRP.U – Get Free Report) announced a monthly dividend on Tuesday, March 18th, Wall Street Journal reports. Stockholders of record on Monday, March 31st will be given a dividend of 0.1981 per share on Tuesday, April 15th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date of this dividend is Monday, March 31st.

Granite Real Estate Inc. Staple Price Performance

Shares of NYSE GRP.U opened at $46.82 on Friday. The firm has a market cap of $2.92 billion and a P/E ratio of 13.08. Granite Real Estate Inc. Staple has a twelve month low of $44.00 and a twelve month high of $65.63. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.57. The company has a 50 day moving average of $47.67 and a 200 day moving average of $51.71.

Analysts Set New Price Targets

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

Check Out 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.