Granite Real Estate Inc. Staple (NYSE:GRP.U) Increases Dividend to $0.20 Per Share

Granite Real Estate Inc. Staple (NYSE:GRP.U) declared a monthly dividend on Tuesday, February 18th, Wall Street Journal reports. Investors of record on Friday, February 28th will be paid a dividend of 0.1997 per share on Friday, March 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from Granite Real Estate Inc. Staple’s previous monthly dividend of $0.20.

Granite Real Estate Inc. Staple Trading Up 0.5 %

NYSE:GRP.U opened at $47.38 on Wednesday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.57. The firm’s 50 day moving average is $48.26 and its 200 day moving average is $52.95. Granite Real Estate Inc. Staple has a 12 month low of $45.45 and a 12 month high of $65.63. The stock has a market capitalization of $2.97 billion and a PE ratio of 13.23.

Analyst Upgrades and Downgrades

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

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.