Susan Keating Sells 3,800 Shares of Melcor Developments Ltd. (TSE:MRD) Stock

Melcor Developments Ltd. (TSE:MRD) Senior Officer Susan Keating sold 3,800 shares of the firm’s stock in a transaction 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 1.9 %

TSE MRD opened at C$12.55 on Friday. Melcor Developments Ltd. has a 52-week low of C$11.20 and a 52-week high of C$13.39. The firm has a 50-day moving average price of C$12.90 and a 200 day moving average price of C$12.60. The stock has a market capitalization of C$382.52 million, a P/E ratio of 5.12 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a $0.11 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.51%. Melcor Developments’s dividend payout ratio (DPR) is presently 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.