Granite Real Estate Inc. Stapled Units, each consisting of one unit of Granite Real Estate Trust and one common share of Granite REIT Inc.: Dividend Insights
Portfolio Pulse from Benzinga Insights
Granite Real Estate Inc. announced a monthly dividend of 26.67 cents per share, with the ex-dividend date on Tuesday. Shareholders owning GRP/U by the end of Monday's session will be eligible for the dividend, which will be paid on June 15, 2023.
May 25, 2023 | 2:55 pm
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Granite Real Estate Inc. announced a 26.67 cents per share dividend, with the stock likely to open lower on the ex-dividend date, Tuesday.
The stock will likely open lower on the ex-dividend date, as the market adjusts the stock price to reflect the dividend payout. This is a common occurrence for stocks when they go ex-dividend, and it is expected to have a short-term negative impact on the stock price.
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