Melcor Developments Ltd. to Issue Quarterly Dividend of $0.11 (TSE:MRD)

Melcor Developments Ltd. (TSE:MRD) declared a quarterly dividend on Friday, March 21st, TickerTech Dividends reports. Stockholders of record on Friday, March 28th will be given a dividend of 0.11 per share on Friday, March 28th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend is Friday, March 21st.

Melcor Developments Trading Up 0.4 %

MRD opened at C$12.05 on Wednesday. The stock has a market cap of C$365.64 million, a price-to-earnings ratio of 31.98 and a beta of 1.41. The stock’s 50 day moving average price is C$12.62 and its 200-day moving average price is C$12.82. Melcor Developments has a one year low of C$11.20 and a one year high of C$13.39. The company has a debt-to-equity ratio of 53.41, a quick ratio of 2.65 and a current ratio of 18.08.

Insider Activity

In related news, Senior Officer Susan Keating sold 3,800 shares of the 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 value of C$48,084.06. Insiders own 65.20% of the company’s stock.

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.