Granite Real Estate Investment Trust (GRT) to Issue Monthly Dividend of $0.28 on May 15th

Granite Real Estate Investment Trust (TSE:GRT) announced a monthly dividend on Wednesday, April 17th, Zacks reports. Shareholders of record on Tuesday, April 30th will be paid a dividend of 0.275 per share by the real estate investment trust on Wednesday, May 15th. This represents a $3.30 annualized dividend and a yield of ∞. The ex-dividend date is Monday, April 29th.

Granite Real Estate Investment Trust Price Performance

Granite Real Estate Investment Trust has a 1-year low of C$30.78 and a 1-year high of C$38.97.

Granite Real Estate Investment Trust (TSE:GRT) last released its earnings results on Wednesday, February 28th. The real estate investment trust reported C$0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.25 by C($0.76). The firm had revenue of C$129.80 million for the quarter.

Insider Activity

In other Granite Real Estate Investment Trust news, Director Kevan Stuart Gorrie bought 500 shares of the stock in a transaction dated Tuesday, March 5th. The stock was purchased at an average cost of C$74.75 per share, for a total transaction of C$37,375.00. In other Granite Real Estate Investment Trust news, Director Sheila A. Murray acquired 1,850 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were acquired at an average cost of C$72.78 per share, with a total value of C$134,643.00. Also, Director Kevan Stuart Gorrie acquired 500 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was acquired at an average cost of C$74.75 per share, for a total transaction of C$37,375.00.

Granite Real Estate Investment Trust Company Profile

Granite Real Estate Investment Trust is a real estate investment trust (REIT). It is engaged principally in the acquisition, development, construction, leasing, management and ownership of an industrial global rental portfolio of properties in North America and Europe leased primarily to Magna International Inc and its automotive operating units.