Morguard Corp (MRC) to Issue Quarterly Dividend of $0.15
Morguard Corp (TSE:MRC) declared a quarterly dividend on Thursday, November 8th, Zacks reports. Investors of record on Friday, December 14th will be given a dividend of 0.15 per share by the real estate investment trust on Monday, December 31st. This represents a $0.60 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend is Thursday, December 13th.
TSE:MRC traded down C$2.53 during mid-day trading on Friday, hitting C$175.06. The company’s stock had a trading volume of 1,300 shares, compared to its average volume of 3,818. Morguard has a fifty-two week low of C$161.00 and a fifty-two week high of C$190.00. The company has a debt-to-equity ratio of 138.55, a current ratio of 0.18 and a quick ratio of 0.15.
In related news, Director David King sold 200 shares of the stock in a transaction dated Wednesday, September 26th. The shares were sold at an average price of C$180.00, for a total value of C$36,000.00. Insiders sold 900 shares of company stock valued at $157,500 in the last three months.
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Morguard Corporation, a real estate investment and management corporation, acquires, owns, and develops real estate properties in Canada and the United States. As of February 23, 2018, the company owned a portfolio of 208 multi-suite residential, retail, office, industrial, and hotel properties that comprised 18,129 residential suits, approximately 16.3 million square feet of commercial leasable space, and 5,557 hotel rooms.
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