Morguard Corp (MRC) to Issue Quarterly Dividend of $0.15 on September 29th
Morguard Corp (TSE:MRC) declared a quarterly dividend on Thursday, August 10th, Zacks reports. Stockholders of record on Friday, September 15th will be paid a dividend of 0.15 per share by the real estate investment trust on Friday, September 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.35%. The ex-dividend date is Thursday, September 14th.
Shares of Morguard Corp (MRC) traded up 0.40% during trading on Wednesday, hitting $174.49. 100 shares of the stock traded hands. The company’s 50 day moving average is $176.69 and its 200 day moving average is $182.63. Morguard Corp has a 52-week low of $166.39 and a 52-week high of $197.50. The firm has a market cap of $2.07 billion and a PE ratio of 7.84.
About Morguard Corp
Morguard Corp is a Canada-based real estate investment company. The Company is engaged in the acquisition, development and ownership of commercial, multi-unit residential and hotel real estate properties. It is also a real estate investment advisors and a management company. The Company and its subsidiaries, including Morguard Residential REIT and Morguard REIT, owns a portfolio of over 175 multi-unit residential, retail, office, industrial and hotel properties located in Canada and in the United States.
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