Trailing Dividend / Share
$3.29
Granite Real Estate Investment Trust (GRP-UN) Dividend History
Income profile from 2004 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
3.7%
Payout Ratio
57.6%
Sustainable
Dividend Streak
4 years
3-Second Income Check
Safety
57.6% payout ratio with sustainable safety profile.
Consistency
4 straight years of dividend increases.
Income Trend
Yield on cost is 4.1% and trend is rising.
Dividend Scorecard
Yield & Income
Dividend Yield3.7%
Trailing DPS$3.29
FrequencyAnnual
Payments / 12M11
Payout Safety
Earnings Payout57.6%
Earnings SafetySustainable
FCF Payout55.5%
FCF SafetyAdequate
Piotroski F-Score7/9
Growth
Growth Streak4 years
3Y CAGR0.8%
5Y CAGR2.4%
Yield on Cost (5Y)4.1%
YOC Trendrising
Total Returns
Buyback Yield0.8%
Total Shareholder Yield4.5%
1Y Total Return47.4%
5Y Total Return32.3%
Div Contribution (5Y)20.1%
Estimated $10K growth (return + dividends):
5Y ago$13,23110Y ago$30,78220Y ago$28,158
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
Income Growth Story
Dividend per share and yield on cost over time (22 years of payments)
Dividend Safety Story
EPS is the container — dividend is what's drawn out
Dividend Analysis
Payout Safety
Granite Real Estate Investment Trust distributes 57.6% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 55.5%, rated "Adequate".
Piotroski F-Score: 7/9 — strong financial health.
Growth Track Record
GRP-UN has raised its dividend for 4 consecutive years, with a 3-year CAGR of 0.8% and 5-year CAGR of 2.4%.
Total Shareholder Returns
Beyond cash dividends, GRP-UN returns capital through share repurchases. The combined picture: 3.7% dividend yield, 0.8% buyback yield, 4.5% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 4.1% and is currently rising. The 5-year total return is 32.3%, with dividends contributing 20.1% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $30,782 today.
Recent Dividend Payments
Last 20 payments · Annual
TTM Total$3.85
Avg/Payment$0.1927
Latest Change+1.2%
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Jan 30, 2026Latest | $0.2184 | ↑ +1.2% | 3.90% | Feb 13, 2026 |
| Dec 31, 2025 | $0.2158 | ↑ +6.6% | 4.12% | Jan 15, 2026 |
| Nov 28, 2025 | $0.2026 | ↑ +0.3% | 4.35% | Dec 15, 2025 |
| Oct 31, 2025 | $0.2019 | ↓ -0.7% | 4.31% | Nov 14, 2025 |
| Sep 29, 2025 | $0.2034 | ↓ -1.3% | 4.36% | Oct 15, 2025 |
| Aug 29, 2025 | $0.2061 | ↑ +0.8% | 4.19% | Sep 15, 2025 |
| Jul 31, 2025 | $0.2045 | ↓ -1.7% | 4.54% | Aug 15, 2025 |
| Jun 30, 2025 | $0.2081 | ↑ +1.0% | 4.71% | Jul 15, 2025 |
Dividend Peer Comparison
Peer group: Industrial Logistics Warehouse REITs
#3 yield in peer group
Div Yield
3.7%
#3 of 9
Safety
Sustainable
57.6% payout
Streak
4Y
2.4% 5Y CAGR
Total Shareholder
4.5%
#1 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
3rd GRP-UNGranite Real Estate … | $3.9B | 3.7% | 57.6% | 4 | Sustainable |
PLDPrologis, Inc. | $132.4B | 2.6% | 95.7% | 11 | At Risk |
EGPEastGroup Properties… | $10.5B | 2.6% | 1.1% | 6 | Sustainable |
REXRRexford Industrial R… | $8.7B | 0.1% | 3.4% | 0 | Sustainable |
FRFirst Industrial Rea… | $8.4B | 2.3% | 67.3% | 13 | Watch |
2nd STAGSTAG Industrial, Inc… | $7.3B | 3.9% | — | 2 | Unknown |
TRNOTerreno Realty Corpo… | $6.8B | 3.0% | — | 15 | Unknown |
LXPLXP Industrial Trust | $2.9B | 0.6% | — | 0 | Unknown |
1st PLYMPlymouth Industrial … | $979M | 4.4% | 31.3% | 1 | Sustainable |
Annual Dividend History
26 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.22 | — | 1 | — | — | — | 0.4% |
| 2025 | $2.44 | 10.5% | 12 | — | — | — | 4.1% |
| 2024 | $2.21 | -7.1% | 12 | $5.71 | 38.7% | 2.59x | 3.7% |
| 2023 | $2.38 | -0.2% | 12 | $2.14 | 111.1% | 0.90x | 4.0% |
| 2022 | $2.38 | -0.7% | 12 | $2.39 | 99.7% | 1.00x | 4.0% |
| 2021 | $2.40 | 10.6% | 12 | $20.47 | 11.7% | 8.53x | 4.0% |
| 2020 | $2.17 | 2.6% | 12 | $7.58 | 28.6% | 3.49x | 3.6% |
| 2019 | $2.12 | -8.8% | 12 | $7.80 | 27.1% | 3.69x | 3.5% |
| 2018 | $2.32 | 14.9% | 12 | $10.18 | 22.8% | 4.39x | 3.9% |
| 2017 | $2.02 | 10.4% | 12 | $7.63 | 26.5% | 3.78x | 3.4% |
See GRP-UN's True Return
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Start ComparisonFrequently Asked Questions
How much dividend does GRP-UN pay per share?
Granite Real Estate Investment Trust (GRP-UN) pays a trailing 12-month dividend of $3.29 per share, with a current dividend yield of +3.7%. Payments are made Annual.
When is GRP-UN's next ex-dividend date?
GRP-UN's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. GRP-UN typically pays dividends Annual.
Is GRP-UN's dividend safe?
GRP-UN's dividend safety is rated "Sustainable" based on an earnings payout ratio of +57.6% and FCF payout ratio of +55.5%. The 4-year growth streak provides moderate confidence.
Is GRP-UN a Dividend Payer?
Yes, Granite Real Estate Investment Trust is classified as a Dividend Payer with 4 consecutive years of dividend increases. The 5-year dividend CAGR is +2.4%, demonstrating modest dividend growth.
How often does GRP-UN pay dividends?
Granite Real Estate Investment Trust pays dividends Annual. The trailing 12-month total is $3.29 per share. Dividend data on this page covers 22+ years from 2004 to 2026.
How much would $10,000 invested in GRP-UN grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in GRP-UN five years ago would be worth approximately $13,231 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is GRP-UN's yield on cost for long-term holders?
GRP-UN's yield on cost — the current dividend divided by the original purchase price — is +4.1% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +3.7% market yield, thanks to consistent dividend growth.