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

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 paid 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 %

Shares of TSE MRD opened at C$12.05 on Wednesday. The firm has a market cap of C$365.64 million, a price-to-earnings ratio of 31.98 and a beta of 1.41. The company has a quick ratio of 2.65, a current ratio of 18.08 and a debt-to-equity ratio of 53.41. Melcor Developments has a 52-week low of C$11.20 and a 52-week high of C$13.39. The business’s 50 day moving average is C$12.62 and its two-hundred day moving average is C$12.82.

Insider Activity at Melcor Developments

In related news, Senior Officer Susan Keating sold 3,800 shares of the stock in a transaction 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. 65.20% of the stock is currently owned by corporate insiders.

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.