Granite Real Estate Investment Trust Dividend
Dividend criteria checks 5/6
Granite Real Estate Investment Trust is a dividend paying company with a current yield of 4.07% that is well covered by earnings. Next payment date is on 15th October, 2024 with an ex-dividend date of 27th September, 2024.
Key information
4.1%
Dividend yield
63%
Payout ratio
| Industry average yield | 3.2% |
| Next dividend pay date | 15 Oct 24 |
| Ex dividend date | 27 Sep 24 |
| Dividend per share | US$3.300 |
| Earnings per share | US$3.66 |
| Dividend yield forecast | 4.3% |
Recent dividend updates
Recent updates
Granite REIT: Solid Performance But Still Not Our First Choice
Jun 06Granite Real Estate Investment FFO of $0.97 beats by $0.16, revenue of $111.6M beats by $30.51M
Nov 10Granite Real Estate Investment declares CAD 0.2583 dividend
Sep 16Granite REIT: Revisiting This Industrial REIT
Sep 01Granite Real Estate Investment declares CAD 0.2583 dividend
Aug 17Granite Real Estate Investment declares CAD 0.2583 dividend
Jul 18Granite REIT: Good Growth Play
Dec 01Stability and Growth of Payments
Fetching dividends data
Stable Dividend: GRP.U's dividends per share have been stable in the past 10 years.
Growing Dividend: GRP.U's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Granite Real Estate Investment Trust Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (GRP.U) | 4.1% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.3% |
| Industry Average (Industrial REITs) | 3.2% |
| Analyst forecast (GRP.U) (up to 3 years) | 4.3% |
Notable Dividend: GRP.U's dividend (4.07%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: GRP.U's dividend (4.07%) is low compared to the top 25% of dividend payers in the US market (4.33%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (63.2%), GRP.U's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (64.3%), GRP.U's dividend payments are covered by cash flows.