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. Stapled Units (NYSE:GRP) announced a monthly dividend of 26.67 cents per share. The stock will go ex-dividend on Thursday, meaning it will trade lower to reflect the payout. Shareholders owning the stock prior to the ex-dividend date are eligible for the dividend, which will be paid out on October 16, 2023.
September 25, 2023 | 2:46 pm
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Granite Real Estate Inc. (NYSE:GRP) announced a monthly dividend of 26.67 cents per share. The stock will likely trade lower on the ex-dividend date.
The announcement of a dividend typically leads to a decrease in the stock price on the ex-dividend date. This is because the stock price is adjusted to reflect the payout of the dividend. Therefore, it is expected that the stock price of Granite Real Estate Inc. (NYSE:GRP) will trade lower on the ex-dividend date.
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