Melcor Developments Ltd. (MRD) to Issue Quarterly Dividend of $0.12 on September 30th
Melcor Developments Ltd. (TSE:MRD) announced a quarterly dividend on Thursday, August 1st, Zacks reports. Stockholders of record on Monday, September 16th will be given a dividend of 0.12 per share on Monday, September 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date is Friday, September 13th.
MRD traded down C$0.03 during trading hours on Wednesday, hitting C$12.30. 1,200 shares of the company’s stock were exchanged, compared to its average volume of 4,458. The stock has a market cap of $410.37 million and a price-to-earnings ratio of 7.88. Melcor Developments has a 1-year low of C$11.44 and a 1-year high of C$14.72. The stock’s 50-day moving average is C$12.40 and its two-hundred day moving average is C$13.00. The company has a quick ratio of 0.72, a current ratio of 4.66 and a debt-to-equity ratio of 60.55.
Melcor Developments (TSE:MRD) last issued its quarterly earnings results on Thursday, August 1st. The company reported C$0.09 EPS for the quarter. The business had revenue of C$41.09 million for the quarter. On average, equities research analysts anticipate that Melcor Developments will post 1.2 EPS for the current year.
About Melcor Developments
Melcor Developments Ltd. operates as a real estate development company in the United States and Canada. The company operates through Community Development, Property Development, Investment Property, REIT, and Recreational Property divisions. It develops, manages, and owns mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses.
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