Granite Real Estate Investment Trust (Granite Real Estate Investment Trust) 5-Year Dividend Growth Rate : 3.30% (As of Mar. 2024)

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What is Granite Real Estate Investment Trust 5-Year Dividend Growth Rate?

Granite Real Estate Investment Trust's Dividends per Share for the three months ended in Mar. 2024 was $0.61.

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.

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.

Granite Real Estate Investment Trust's Dividend Payout Ratio for the three months ended in Mar. 2024 was 0.66. As of today, Granite Real Estate Investment Trust's Dividend Yield % is 4.63%.

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 5-Year Dividend Growth Rate

For the REIT - Industrial subindustry, Granite Real Estate Investment Trust's 5-Year Dividend Growth Rate, along with its competitors' market caps and 5-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 5-Year Dividend Growth Rate Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Granite Real Estate Investment Trust's 5-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Granite Real Estate Investment Trust's 5-Year Dividend Growth Rate falls into.

Granite Real Estate Investment Trust 5-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 least square regression.

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.

Granite Real Estate Investment Trust (NYSE:GRP.U) 5-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Granite Real Estate Investment Trust's Dividend Payout Ratio for the quarter that ended in Mar. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2024 )	/	EPS without NRI (Q: Mar. 2024 )
	=	0.609	/	0.918
	=	0.66

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.

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 0.275000	2024-04-29	2024-04-30	2024-05-15	Cash Dividend	monthly	CAD: 1.000000
CAD 0.275000	2024-03-27	2024-03-28	2024-04-15	Cash Dividend	monthly	CAD: 1.000000
CAD 0.275000	2024-02-28	2024-02-29	2024-03-15	Cash Dividend	monthly	CAD: 1.000000
CAD 0.275000	2024-01-30	2024-01-31	0000-00-00	Cash Dividend	monthly	CAD: 1.000000
CAD 0.275000	2023-12-28	2023-12-29	2024-01-16	Cash Dividend	monthly	CAD: 1.000000
CAD 0.266700	2023-11-29	2023-11-30	2023-12-15	Cash Dividend	monthly	CAD: 1.000000
CAD 0.266700	2023-10-30	2023-10-31	2023-11-15	Cash Dividend	monthly	CAD: 1.000000
CAD 0.266700	2023-09-28	2023-09-29	2023-10-16	Cash Dividend	monthly	CAD: 1.000000
CAD 0.266700	2023-08-30	2023-08-31	2023-09-15	Cash Dividend	monthly	CAD: 1.000000
CAD 0.266700	2023-07-28	2023-07-31	2023-08-15	Cash Dividend	monthly	CAD: 1.000000
CAD 0.266700	2023-06-29	2023-06-30	2023-07-14	Cash Dividend	monthly	CAD: 1.000000
CAD 0.266700	2023-05-30	2023-05-31	2023-06-15	Cash Dividend	monthly	CAD: 1.000000

* 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

Dividend Yield %	=	Most Recent Full Year Dividend	/	Current Share Price
	=	3.2419	/	51.89
	=	6.25 %

Current Share Price is $51.89.
Granite Real Estate Investment Trust's Dividends per Share for the trailing twelve months (TTM) ended in Today is $3.2419.

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 4.86%.

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 5-Year Dividend Growth Rate 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 » 5-Year Dividend Growth Rate

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.