Melcor Developments Ltd. (TSE:MRD) Declares $0.15 Quarterly Dividend

Melcor Developments Ltd. (TSE:MRD) announced a quarterly dividend on Monday, June 15th, TickerTech Dividends reports. Investors of record on Tuesday, June 30th will be given a dividend of 0.15 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Monday, June 15th.

Melcor Developments Price Performance

Shares of MRD traded down C$0.13 on Friday, reaching C$18.40. The stock had a trading volume of 1,200 shares, compared to its average volume of 10,154. The firm has a market capitalization of C$551.74 million, a PE ratio of 7.33 and a beta of 0.47. The company has a quick ratio of 2.65, a current ratio of 5.50 and a debt-to-equity ratio of 39.23. The firm has a 50-day moving average of C$18.24 and a 200 day moving average of C$16.99. Melcor Developments has a twelve month low of C$13.54 and a twelve month high of C$19.34.

Melcor Developments (TSE:MRD) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.76 earnings per share for the quarter. The business had revenue of C$45.37 million for the quarter. Melcor Developments had a return on equity of 6.06% and a net margin of 18.80%. Sell-side analysts expect that Melcor Developments will post 2.3613596 EPS for the current year.

About Melcor Developments

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.