Granite Real Estate (TSE:GRT) declared a monthly dividend on Friday, May 17th, Zacks reports. Stockholders of record on Friday, May 31st will be paid a dividend of 0.233 per share by the real estate investment trust on Friday, June 14th. This represents a $2.80 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend is Thursday, May 30th.

Granite Real Estate has a twelve month low of C$30.78 and a twelve month high of C$38.97.

Granite Real Estate (TSE:GRT) last issued its quarterly earnings results on Wednesday, March 6th. The real estate investment trust reported C$1.88 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.84 by C$1.04. The business had revenue of C$59.90 million for the quarter.

A number of research analysts have commented on GRT shares. Desjardins restated a “hold” rating on shares of Granite Real Estate in a research note on Tuesday, April 30th. Echelon Wealth Partners restated a “buy” rating on shares of Granite Real Estate in a research note on Friday, January 25th.

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About Granite Real Estate

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.

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Dividend History for Granite Real Estate (TSE:GRT)

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