Melcor Developments Ltd. (MRD) to Issue Quarterly Dividend of $0.13 on December 31st

by · The Markets Daily

Melcor Developments Ltd. (TSE:MRD – Get Free Report) declared a quarterly dividend on Monday, December 15th, TickerTech Dividends reports. Shareholders of record on Wednesday, December 31st will be paid a dividend of 0.13 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Monday, December 15th.

Melcor Developments Stock Performance

Shares of TSE:MRD traded down C$0.03 on Friday, hitting C$15.37. The company’s stock had a trading volume of 1,560 shares, compared to its average volume of 6,977. Melcor Developments has a 12 month low of C$11.30 and a 12 month high of C$15.56. The stock’s 50-day moving average is C$14.92 and its two-hundred day moving average is C$14.64. The company has a debt-to-equity ratio of 53.41, a quick ratio of 2.65 and a current ratio of 18.08. The company has a market capitalization of C$462.79 million, a price-to-earnings ratio of 8.01 and a beta of 0.59.

Melcor Developments (TSE:MRD – Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The company reported C$0.46 earnings per share for the quarter. The business had revenue of C$72.54 million during the quarter. Melcor Developments had a net margin of 3.77% and a return on equity of 0.94%. On average, equities research analysts forecast that Melcor Developments will post 2.3613596 EPS for the current year.

About Melcor Developments

(Get Free Report)

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.

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