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

Granite Real Estate Inc. Staple (NYSE:GRP.U) declared a monthly dividend on Monday, October 21st, Wall Street Journal reports. Investors of record on Thursday, October 31st will be paid a dividend of 0.1994 per share on Friday, November 15th. This represents a $2.39 annualized dividend and a yield of 4.33%. The ex-dividend date is Thursday, October 31st.

Granite Real Estate Inc. Staple Price Performance

Shares of GRP.U stock opened at $55.25 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.37 and a quick ratio of 0.37. The company’s 50-day simple moving average is $57.33 and its two-hundred day simple moving average is $53.45. Granite Real Estate Inc. Staple has a one year low of $45.35 and a one year high of $65.63. The company has a market capitalization of $3.47 billion, a P/E ratio of 21.92 and a beta of 1.21.

Granite Real Estate Inc. Staple Company Profile

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.