Melcor Developments Ltd. (TSE:MRD) Announces $0.13 Quarterly Dividend

Melcor Developments Ltd. (TSE:MRD) announced a quarterly dividend on Monday, December 15th, TickerTech Dividends reports. Investors of record on Wednesday, December 31st will be paid a dividend of 0.13 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Monday, December 15th.

Melcor Developments Price Performance

Melcor Developments stock traded down C$0.03 during mid-day trading on Friday, hitting C$15.37. 1,560 shares of the company traded hands, compared to its average volume of 6,977. The company has a debt-to-equity ratio of 53.41, a quick ratio of 2.65 and a current ratio of 18.08. Melcor Developments has a one year low of C$11.30 and a one year high of C$15.56. The stock has a market cap of C$462.79 million, a price-to-earnings ratio of 8.01 and a beta of 0.59. The stock has a fifty day moving average price of C$14.92 and a 200-day moving average price of C$14.64.

Melcor Developments (TSE:MRD) last posted its quarterly earnings data on Thursday, November 6th. The company reported C$0.46 earnings per share for the quarter. The firm had revenue of C$72.54 million for the quarter. Melcor Developments had a net margin of 3.77% and a return on equity of 0.94%. On average, equities analysts predict that Melcor Developments will post 2.3613596 earnings per share for the current fiscal year.

Melcor Developments Company Profile

Melcor Developments Ltd is a real estate development and asset management company. It develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. Its divisions include Community Development, which is engaged in acquiring raw land and planning residential communities and commercial developments; Property Development, which is engaged in project managing development, leasing, and construction of commercial properties; Investment Properties operates a portfolio of commercial and residential properties, focused on property improvements and capital appreciation; the REIT, which is engaged in acquiring and owning leasable office, retail, industrial and residential sites; Recreation Property and Corporate.