Melcor Developments Ltd. (TSE:MRD) Senior Officer Darin Anthony Rayburn purchased 1,000 shares of the stock in a transaction on Wednesday, August 14th. The shares were acquired at an average cost of C$12.31 per share, for a total transaction of C$12,310.00. Following the transaction, the insider now owns 45,076 shares of the company’s stock, valued at C$554,885.56.

Shares of TSE MRD opened at C$12.05 on Friday. The business’s 50 day moving average price is C$12.81 and its two-hundred day moving average price is C$13.07. The company has a market cap of $415.69 million and a PE ratio of 7.72. The company has a quick ratio of 3.72, a current ratio of 24.00 and a debt-to-equity ratio of 60.55. Melcor Developments Ltd. has a twelve month low of C$12.01 and a twelve month high of C$15.23.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend is Friday, September 13th. Melcor Developments’s dividend payout ratio (DPR) is presently 33.31%.

Melcor Developments Company Profile

Melcor Developments Ltd. operates as a real estate development company in the United States and Canada. The company operates through Community Development, Property Development, Investment Property, REIT, and Recreational Property divisions. 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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