Granite Real Estate Investment Trust (Granite Real Estate Investment Trust) Forward Dividend Yield % : 4.66% (As of Apr. 24, 2024)

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What is Granite Real Estate Investment Trust Forward Dividend Yield %?

As of today (2024-04-24), the Forward Annual Dividend Yield of Granite Real Estate Investment Trust is 4.66%.

As of today (2024-04-24), the Trailing Annual Dividend Yield of Granite Real Estate Investment Trust is 4.68%.

GRP.U's Forward Dividend Yield % is ranked worse than
77.67% of 833 companies
in the REITs industry
Industry Median: 7.39 vs GRP.U: 4.66

Granite Real Estate Investment Trust's Dividends per Share for the three months ended in Dec. 2023 was $0.60.

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.

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.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Competitive Comparison of Granite Real Estate Investment Trust's Forward Dividend Yield %

For the REIT - Industrial subindustry, Granite Real Estate Investment Trust's Forward Dividend Yield %, along with its competitors' market caps and Forward Dividend Yield % 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 Forward Dividend Yield % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Granite Real Estate Investment Trust's Forward Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Granite Real Estate Investment Trust's Forward Dividend Yield % falls into.

Granite Real Estate Investment Trust Forward Dividend Yield % Calculation

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	2024-03-27	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
CAD 0.267	2023-04-27	2023-04-28	2023-05-15	Cash Dividend	monthly	CAD:USD 0.738509

* 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 Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield	=	Forward Full Year Dividend	/	Current Share Price
	=	2.4361986	/	51.21
	=	4.76 %

Current Share Price is $51.21.
Granite Real Estate Investment Trust's Dividends per Share for the forward twelve months is calculated as $0.20301655 * 12 = $2.4361986.

Granite Real Estate Investment Trust's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield	=	Most Recent Full Year Dividend	/	Current Share Price
	=	2.399637409	/	51.21
	=	4.69 %

Current Share Price is $51.21.
Granite Real Estate Investment Trust's Dividends per Share for the trailing twelve months (TTM) ended in Today is $2.399637409.

* 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 (NYSE:GRP.U) Forward Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.

Granite Real Estate Investment Trust Forward Dividend Yield % Related Terms

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Granite Real Estate Investment Trust (Granite Real Estate Investment Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Granite Real Estate Investment Trust (NYSE:GRP.U) » Definitions » Forward Dividend Yield %

Comparable Companies

Traded in Other Exchanges

4I7:Germany GRT.UN:Canada

Address

77 King Street West, Suite 4010, P.O. Box 159, Toronto-Dominion Centre, Toronto, ON, CAN, M5K 1H1

Website

https://www.granitereit.com

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.