Granite Real Estate Inc. Staple (GRP.U) To Go Ex-Dividend on September 27th

Granite Real Estate Inc. Staple (NYSE:GRP.U) declared a monthly dividend on Monday, September 16th, Zacks reports. Investors of record on Friday, September 27th will be paid a dividend of 0.204 per share on Tuesday, October 15th. This represents a $2.45 annualized dividend and a dividend yield of 4.06%. The ex-dividend date is Friday, September 27th. This is a positive change from Granite Real Estate Inc. Staple’s previous monthly dividend of $0.20.

Granite Real Estate Inc. Staple Stock Performance

Shares of GRP.U opened at $60.34 on Wednesday. The company has a 50-day simple moving average of $55.32 and a two-hundred day simple moving average of $53.09. 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 firm has a market capitalization of $3.79 billion, a PE ratio of 23.94 and a beta of 1.20. Granite Real Estate Inc. Staple has a one year low of $45.35 and a one year high of $61.20.

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.