Granite Real Estate Investment Trust (TSE:GRT – Get Free Report) announced a monthly dividend on Wednesday, July 17th, Zacks reports. Investors of record on Wednesday, July 31st will be given a dividend of 0.275 per share by the real estate investment trust on Thursday, August 15th. This represents a $3.30 annualized dividend and a yield of ∞. The ex-dividend date of this dividend is Wednesday, July 31st.
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 – Get Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported C$1.40 earnings per share for the quarter, topping the consensus estimate of C$1.26 by C$0.14. The company had revenue of C$138.95 million during the quarter.
Insider Buying and Selling
In related news, Director Al Mawani acquired 1,000 shares of Granite Real Estate Investment Trust stock in a transaction that occurred on Friday, June 14th. The stock was acquired at an average price of C$67.26 per share, with a total value of C$67,256.00. In other Granite Real Estate Investment Trust news, Director Al Mawani purchased 1,000 shares of the business’s stock in a transaction on Friday, June 14th. The stock was bought at an average cost of C$67.26 per share, with a total value of C$67,256.00. Also, Director Kevan Stuart Gorrie purchased 500 shares of the business’s stock in a transaction on Monday, May 13th. The stock was acquired at an average cost of C$70.65 per share, with a total value of C$35,325.00. Insiders purchased 2,825 shares of company stock valued at $191,184 over the last 90 days.
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.
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