Melcor Developments Ltd. Announces Quarterly Dividend of $0.13 (MRD)
Melcor Developments Ltd. (TSE:MRD) announced a quarterly dividend on Tuesday, November 6th, Zacks reports. Stockholders of record on Friday, December 14th will be paid a dividend of 0.13 per share on Friday, December 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend is Thursday, December 13th.
Shares of TSE:MRD traded up C$0.05 during trading on Friday, reaching C$12.95. The stock had a trading volume of 2,200 shares, compared to its average volume of 5,339. The company has a quick ratio of 0.90, a current ratio of 5.64 and a debt-to-equity ratio of 59.71. Melcor Developments has a 1-year low of C$12.50 and a 1-year high of C$15.95.
Melcor Developments (TSE:MRD) last issued its quarterly earnings results on Tuesday, November 6th. The company reported C$0.34 earnings per share (EPS) for the quarter. The firm had revenue of C$60.25 million during the quarter. As a group, equities research analysts anticipate that Melcor Developments will post 1.20000007413128 EPS for the current year.
Melcor Developments Ltd. operates as a diversified real estate development and asset management company in Canada and the United States. The company operates through five segments: Community Development, Property Development, Melcor REIT, Investment Properties, and Recreational Properties. It develops, manages, and owns mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses.
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