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

Granite Real Estate Inc. Staple (NYSE:GRP.U) announced a monthly dividend on Tuesday, January 21st,Wall Street Journal reports. Investors of record on Friday, January 31st will be paid a dividend of 0.1967 per share on Friday, February 14th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date of this dividend is Friday, January 31st.

Granite Real Estate Inc. Staple Stock Performance

Granite Real Estate Inc. Staple stock traded up $1.25 during mid-day trading on Tuesday, reaching $48.57. 15,185 shares of the company were exchanged, compared to its average volume of 7,795. Granite Real Estate Inc. Staple has a twelve month low of $46.75 and a twelve month high of $65.63. The firm’s 50-day simple moving average is $50.69 and its two-hundred day simple moving average is $53.80. 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 firm has a market cap of $3.05 billion and a PE ratio of 13.57.

Analyst Upgrades and Downgrades

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

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.