The historical rank and industry rank for Granite Real Estate Investment Trust's 3-Year Dividend Growth Rate or its related term are showing as below:
GRP.U'
s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -6.8 Med: 4.85 Max: 59.6
Current: 3.3
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Granite Real Estate Investment Trust was 59.60% per year. The lowest was -6.80% per year. And the median was 4.85% per year.
GRP.U's 3-Year Dividend Growth Rate is ranked better than 56.97% of 502
companies
in the REITs industry
Industry Median: 2.1
vs GRP.U: 3.30
During the past 12 months, Granite Real Estate Investment Trust's average Dividends Per Share Growth Rate was 3.20% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 3.30% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 3.30% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 4.40% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Granite Real Estate Investment Trust is 0.75, which seems too high.
Good Sign:
Granite Real Estate Investment Trust stock dividend yield is close to 3-year high.
For more information regarding to dividend, please check our Dividend Page.
Competitive Comparison of Granite Real Estate Investment Trust's 3-Year Dividend Growth Rate
For the REIT - Industrial subindustry, Granite Real Estate Investment Trust's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Granite Real Estate Investment Trust's 3-Year Dividend Growth Rate Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Granite Real Estate Investment Trust's 3-Year Dividend Growth Rate distribution charts can be found below:
* The bar in red indicates where Granite Real Estate Investment Trust's 3-Year Dividend Growth Rate falls into.
Granite Real Estate Investment Trust 3-Year Dividend Growth Rate Calculation
This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
During the past 13 years, the highest Dividend Payout Ratio of Granite Real Estate Investment Trust was 0.99. The lowest was 0.64. And the median was 0.85.
Warning Sign:
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Granite Real Estate Investment Trust is 0.75, which seems too high.
2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.
Granite Real Estate Investment Trust Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
CAD 0.275
2024-04-29
2024-04-30
2024-05-15
Cash Dividend
monthly
CAD:USD 0.728462
CAD 0.275
2024-03-27
2024-03-28
2024-04-15
Cash Dividend
monthly
CAD:USD 0.738242
CAD 0.275
2024-02-28
2024-02-29
2024-03-15
Cash Dividend
monthly
CAD:USD 0.737028
CAD 0.275
2024-01-30
2024-01-31
0000-00-00
Cash Dividend
monthly
CAD:USD 0.747161
CAD 0.275
2023-12-28
2023-12-29
2024-01-16
Cash Dividend
monthly
CAD:USD 0.754720
CAD 0.267
2023-11-29
2023-11-30
2023-12-15
Cash Dividend
monthly
CAD:USD 0.735998
CAD 0.267
2023-10-30
2023-10-31
2023-11-15
Cash Dividend
monthly
CAD:USD 0.720565
CAD 0.267
2023-09-28
2023-09-29
2023-10-16
Cash Dividend
monthly
CAD:USD 0.735808
CAD 0.267
2023-08-30
2023-08-31
2023-09-15
Cash Dividend
monthly
CAD:USD 0.738607
CAD 0.267
2023-07-28
2023-07-31
2023-08-15
Cash Dividend
monthly
CAD:USD 0.759878
CAD 0.267
2023-06-29
2023-06-30
2023-07-14
Cash Dividend
monthly
CAD:USD 0.755744
CAD 0.267
2023-05-30
2023-05-31
2023-06-15
Cash Dividend
monthly
CAD:USD 0.735943
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
Granite Real Estate Investment Trust's Dividend Yield (%) for Today is calculated as
Current Share Price is $51.44.
Granite Real Estate Investment Trust's Dividends per Share for the trailing twelve months (TTM) ended in Today is $2.402782556.
During the past 13 years, the highest Dividend Yield of Granite Real Estate Investment Trust was 6.35%. The lowest was 2.85%. And the median was 4.87%.
Good Sign:
Granite Real Estate Investment Trust stock dividend yield is close to 3-year high.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Granite Real Estate Investment Trust 3-Year Dividend Growth Rate Related Terms>
Granite Real Estate Investment Trust (Granite Real Estate Investment Trust) Business Description
Granite Real Estate Investment Trust, or Granite, is a real estate investment trust engaged in the acquisition, development, ownership and management of of logistics, warehouse and 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. locations. Granite derives nearly all of its revenue in the form of rental income from its properties. The company's tenant is Magna International, an automotive parts and systems manufacturer, which accounts for the majority of Granite's lease income.
Granite Real Estate Investment Trust (Granite Real Estate Investment Trust) Headlines
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