Granite Real Estate Investment Trust Declares Monthly Dividend of $0.30 (TSE:GRT.UN)

Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) announced a monthly dividend on Friday, July 31st, TickerTech Dividends reports. Stockholders of record on Friday, August 14th will be given a dividend of 0.2958 per share on Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, July 31st.

Granite Real Estate Investment Trust Price Performance

Shares of GRT.UN opened at C$96.21 on Friday. The company has a market cap of C$5.84 billion, a price-to-earnings ratio of 14.93 and a beta of 1.47. Granite Real Estate Investment Trust has a 1-year low of C$72.21 and a 1-year high of C$101.50. The company’s fifty day simple moving average is C$96.33 and its 200 day simple moving average is C$91.17. The company has a current ratio of 0.35, a quick ratio of 1.61 and a debt-to-equity ratio of 57.74.

Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) last posted its quarterly earnings results on Wednesday, May 6th. The company reported C$1.51 earnings per share (EPS) for the quarter. Granite Real Estate Investment Trust had a net margin of 42.50% and a return on equity of 4.28%. The firm had revenue of C$165.83 million for the quarter. On average, research analysts forecast that Granite Real Estate Investment Trust will post 5.580574 earnings per share for the current fiscal year.

About Granite Real Estate Investment Trust

Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns 147 investment properties representing approximately 62.6 million square feet of leasable area.