Granite Real Estate Investment Trust (GRT.UN) to Issue Monthly Dividend of $0.30 on April 15th

Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) announced a monthly dividend on Tuesday, March 31st, TickerTech Dividends reports. Stockholders of record on Wednesday, April 15th will be given a dividend of 0.2958 per share on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Tuesday, March 31st.

Granite Real Estate Investment Trust Stock Up 2.7%

Shares of Granite Real Estate Investment Trust stock opened at C$84.02 on Thursday. The firm has a market cap of C$5.09 billion, a price-to-earnings ratio of 14.87 and a beta of 1.23. The stock has a 50-day simple moving average of C$86.68 and a 200-day simple moving average of C$81.84. Granite Real Estate Investment Trust has a 52-week low of C$55.25 and a 52-week high of C$92.89. The company has a debt-to-equity ratio of 57.74, a current ratio of 0.35 and a quick ratio of 1.61.

Granite Real Estate Investment Trust (TSE:GRT.UN) (NASDAQ:GRP.U) last released its quarterly earnings data on Wednesday, February 25th. The company reported C$2.24 EPS for the quarter. The firm had revenue of C$161.76 million for the quarter. Granite Real Estate Investment Trust had a return on equity of 4.28% and a net margin of 42.50%. On average, equities research analysts expect 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 Real Estate Investment Trust, or Granite, is a real estate investment trust engaged in the acquisition, development, and management of primarily industrial properties in North America and Europe. Granite’s portfolio comprises various manufacturing, corporate office, warehouse and logistics, and product engineering facilities. The vast majority of the company’s assets are logistics and distribution warehouses and multipurpose buildings split fairly evenly amongst Canadian, Austrian, and U.S.