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

Granite Real Estate Inc. Staple (NYSE:GRP.U) announced a monthly dividend on Tuesday, November 19th,Wall Street Journal reports. Investors of record on Wednesday, November 27th will be given a dividend of 0.1957 per share on Monday, December 16th. This represents a $2.35 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date is Wednesday, November 27th.

Granite Real Estate Inc. Staple Stock Up 0.1 %

NYSE:GRP.U opened at $53.14 on Thursday. Granite Real Estate Inc. Staple has a 12-month low of $47.31 and a 12-month high of $65.63. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.34 and a current ratio of 1.34. The company’s 50-day moving average is $56.70 and its two-hundred day moving average is $53.72.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Granite Real Estate Inc. Staple from a “buy” rating to a “strong-buy” rating in a 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.