Granite Real Estate Inc. Staple (GRP.U) To Go Ex-Dividend on April 29th

Granite Real Estate Inc. Staple (NYSE:GRP.U) declared a monthly dividend on Wednesday, April 17th, Zacks reports. Stockholders of record on Tuesday, April 30th will be paid a dividend of 0.203 per share on Wednesday, May 15th. This represents a $2.44 annualized dividend and a dividend yield of 4.83%. The ex-dividend date of this dividend is Monday, April 29th.

Granite Real Estate Inc. Staple Stock Performance

Shares of Granite Real Estate Inc. Staple stock opened at $50.46 on Friday. The stock’s fifty day simple moving average is $55.20 and its 200 day simple moving average is $53.94. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $3.19 billion, a PE ratio of 31.74 and a beta of 1.11. Granite Real Estate Inc. Staple has a 12 month low of $45.35 and a 12 month high of $63.99.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Granite Real Estate Inc. Staple from a “buy” rating to a “hold” rating in a research note on Friday, March 1st.

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.