Melcor Developments (TSE:MRD) Releases Quarterly Earnings Results

Melcor Developments (TSE:MRD) issued its quarterly earnings data on Thursday. The company reported C$0.73 earnings per share (EPS) for the quarter, FiscalAI reports. Melcor Developments had a return on equity of 6.06% and a net margin of 18.80%.The business had revenue of C$61.99 million for the quarter.

Melcor Developments Price Performance

Shares of TSE:MRD traded up C$0.06 on Thursday, reaching C$18.45. The company’s stock had a trading volume of 209 shares, compared to its average volume of 8,801. The company has a 50-day simple moving average of C$18.59 and a 200 day simple moving average of C$17.98. Melcor Developments has a 52-week low of C$14.18 and a 52-week high of C$19.47. The company has a debt-to-equity ratio of 39.23, a quick ratio of 2.65 and a current ratio of 4.21. The company has a market cap of C$553.24 million, a P/E ratio of 7.35 and a beta of 0.45.

Melcor Developments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Monday, June 15th. Melcor Developments’s dividend payout ratio (DPR) is presently 20.72%.

About Melcor Developments

Melcor is a diversified real estate development and asset management company that transforms real estate from raw land through to high-quality finished product in both residential and commercial built form. Melcor develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centres and golf courses. Melcor owns a well diversified portfolio of assets in Alberta, Saskatchewan, British Columbia, Arizona and Colorado. Melcor has been focused on real estate since 1923.