Granite Real Estate Investment Trust (TSE:GRT) Plans Monthly Dividend of $0.28

Granite Real Estate Investment Trust (TSE:GRT) declared a monthly dividend on Wednesday, April 17th, Zacks reports. Stockholders of record on Tuesday, April 30th will be given 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 dividend yield of ∞. The ex-dividend date of this dividend is Monday, April 29th.

Granite Real Estate Investment Trust Stock Performance

Granite Real Estate Investment Trust has a 12-month low of C$30.78 and a 12-month high of C$38.97.

Granite Real Estate Investment Trust (TSE:GRT) last posted its quarterly earnings data on Wednesday, February 28th. The real estate investment trust reported C$0.49 earnings per share 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.

Insiders Place Their Bets

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

About Granite Real Estate Investment Trust

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.