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
1 years
GRP-UN Dividend Income Check
Safety
57.6% payout ratio with sustainable safety profile.
Consistency
1 straight years of dividend increases.
Income Trend
Yield on cost is 4.1% and trend is rising.
GRP-UN Dividend Scorecard
Yield & Income
Dividend Yield3.7%
Trailing DPS$3.29
FrequencyQuarterly
Payments / 12M12
Payout Safety
Earnings Payout57.6%
Earnings SafetySustainable
FCF Payout53.2%
FCF SafetyAdequate
Piotroski F-Score7/9
Growth
Growth Streak1 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 Return25.1%
5Y Total Return15.7%
Div Contribution (5Y)17.9%
Estimated $10K growth (return + dividends):
5Y ago$11,56910Y ago$29,81620Y ago$28,903
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.
GRP-UN Income Growth Story
Dividend per share and yield on cost over time (22 years of payments)
GRP-UN Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Monthly dividend calendar — upcoming ex-dates for stocks you follow.
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 53.2%, rated "Adequate".
Piotroski F-Score: 7/9 — strong financial health.
Growth Track Record
GRP-UN has raised its dividend for 1 consecutive year, 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 15.7%, with dividends contributing 17.9% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $29,816 today.
GRP-UN Recent Dividend Payments
Last 20 payments · Quarterly
TTM Total$4.11
Avg/Payment$0.2056
Latest Change-1.2%
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| May 29, 2026Latest | $0.2146 | ↓ -1.2% | 3.99% | Jun 15, 2026 |
| Apr 30, 2026 | $0.2173 | ↑ +2.5% | 3.98% | May 15, 2026 |
| Mar 31, 2026 | $0.2120 | ↓ -2.3% | 3.96% | Apr 15, 2026 |
| Feb 27, 2026 | $0.2169 | ↓ -0.7% | 3.93% | Mar 16, 2026 |
| Jan 30, 2026 | $0.2184 | ↑ +1.2% | 3.90% | Feb 13, 2026 |
| Dec 31, 2025 | $0.2158 | ↑ +6.2% | 4.13% | Jan 15, 2026 |
| Nov 28, 2025 | $0.2032 | ↑ +0.5% | 4.36% | Dec 15, 2025 |
| Oct 31, 2025 | $0.2022 | ↓ -0.6% | 4.31% | Nov 14, 2025 |
GRP-UN Dividend vs Peers
Comparable companies in the same industry
#4 yield in peer group
Div Yield
3.7%
#4 of 9
Safety
Sustainable
57.6% payout
Streak
1Y
2.4% 5Y CAGR
Total Shareholder
4.5%
#3 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| GRP-UNGranite Real Estate … | $3.9B | 3.7% | 57.6% | 1 | Sustainable |
 PLDPrologis, Inc. | $130.5B | 2.8% | 1.1% | 12 | Sustainable |
3rd  STAGSTAG Industrial, Inc… | $7.5B | 3.8% | 1.0% | 15 | Sustainable |
 EGPEastGroup Properties… | $11.1B | 2.7% | 1.2% | 14 | Sustainable |
 FRFirst Industrial Rea… | $8.4B | 2.7% | 93.4% | 12 | At Risk |
1st  REXRRexford Industrial R… | $7.9B | 5.2% | 1.9% | 13 | Sustainable |
2nd  LXPLXP Industrial Trust | $3.3B | 5.0% | 1.5% | 6 | Sustainable |
 TRNOTerreno Realty Corpo… | $7.0B | 3.0% | 50.6% | 15 | Sustainable |
 ILPTIndustrial Logistics… | $619M | 1.3% | — | 1 | Unknown |
GRP-UN Annual Dividend History (2001–2026)
26 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $1.08 | — | 5 | — | — | — | 1.8% |
| 2025 | $2.44 | 10.6% | 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% |
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
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Historical Returns
22+ years return with dividends reinvested.
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Peer Comparison
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GRP-UN — Frequently Asked Questions
Quick answers to the most common questions about buying GRP-UN stock.
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 Quarterly.
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 Quarterly.
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 +53.2%. The 1-year growth streak provides moderate confidence.
How many years has GRP-UN increased its dividend?
GRP-UN has 1 consecutive years of dividend growth. The 5-year dividend CAGR is +2.4%.
How often does GRP-UN pay dividends?
Granite Real Estate Investment Trust pays dividends Quarterly. 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 $11,569 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.