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

Melcor Developments Ltd. (TSE:MRD) announced a quarterly dividend on Friday, March 21st, TickerTech Dividends reports. Shareholders 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 yield of 3.65%. The ex-dividend date is Friday, March 21st.

Melcor Developments Stock Up 0.4 %

Melcor Developments stock opened at C$12.05 on Wednesday. The business has a fifty day moving average of C$12.62 and a two-hundred day moving average of C$12.82. The company has a quick ratio of 2.65, a current ratio of 18.08 and a debt-to-equity ratio of 53.41. The firm has a market cap of C$365.64 million, a P/E ratio of 31.98 and a beta of 1.41. Melcor Developments has a twelve month low of C$11.20 and a twelve month high of C$13.39.

Insiders Place Their Bets

In other Melcor Developments news, Senior Officer Susan Keating sold 3,800 shares of the company’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. 65.20% of the stock is owned by company insiders.

Melcor Developments Company Profile

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.