Melcor Developments Ltd. (TSE:MRD) Senior Officer Sells C$48,084.06 in Stock

Melcor Developments Ltd. (TSE:MRD) Senior Officer Susan Keating sold 3,800 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of C$12.65, for a total transaction of C$48,084.06.

Melcor Developments Trading Down 0.5 %

Shares of Melcor Developments stock opened at C$12.49 on Friday. The firm has a market cap of C$380.70 million, a PE ratio of 5.10 and a beta of 1.41. The company has a quick ratio of 2.65, a current ratio of 12.79 and a debt-to-equity ratio of 51.55. Melcor Developments Ltd. has a fifty-two week low of C$11.20 and a fifty-two week high of C$13.39. The business’s fifty day moving average is C$12.88 and its two-hundred day moving average is C$12.60.

Melcor Developments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date was Friday, December 13th. Melcor Developments’s payout ratio is 17.96%.

About Melcor Developments

Melcor Developments Ltd. operates as a real estate development company in the United States and Canada. The company operates through Land, Properties, REIT, and Golf divisions. It develops, owns, and manages mixed-use residential communities, business and industrial parks, office buildings, retail centers, and golf courses.