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. Investors of record on Tuesday, December 31st will be paid a dividend of 0.1979 per share on Wednesday, January 15th. This represents a $2.38 annualized dividend and a yield of 4.91%. The ex-dividend date is Tuesday, December 31st. This is a boost from Granite Real Estate Inc. Staple’s previous monthly dividend of $0.20.

Granite Real Estate Inc. Staple Price Performance

Shares of GRP.U opened at $48.40 on Friday. The business’s 50-day moving average is $52.69 and its 200-day moving average is $53.89. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market capitalization of $3.04 billion and a price-to-earnings ratio of 13.52. Granite Real Estate Inc. Staple has a fifty-two week low of $47.31 and a fifty-two week high of $65.63.

Analyst Upgrades and Downgrades

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