Morguard Co. (TSE:MRC) Announces Quarterly Dividend of $0.20

Morguard Co. (TSE:MRC) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders of record on Monday, December 16th will be paid a dividend of 0.20 per share by the real estate investment trust on Tuesday, December 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Monday, December 16th. This is an increase from Morguard’s previous quarterly dividend of $0.15.

Morguard Stock Up 0.2 %

MRC opened at C$120.88 on Friday. Morguard has a 12 month low of C$101.56 and a 12 month high of C$128.69. The company has a debt-to-equity ratio of 127.16, a current ratio of 0.29 and a quick ratio of 0.13. The stock has a market cap of C$1.31 billion, a P/E ratio of 6.42 and a beta of 1.18. The stock’s 50 day moving average price is C$120.59 and its 200 day moving average price is C$114.48.

Morguard (TSE:MRC) last posted its earnings results on Wednesday, August 7th. The real estate investment trust reported C$4.98 EPS for the quarter. Morguard had a return on equity of 3.72% and a net margin of 17.07%. The firm had revenue of C$278.53 million for the quarter. As a group, research analysts predict that Morguard will post 26.1506276 earnings per share for the current year.

Morguard Company Profile

Morguard Corporation, a real estate investment and management company, engages in property ownership, development, and investment advisory services in Canada and the United States. It operates in four segments: Multi-Suite Residential, Retail, Office, and Hotel. The company offers real estate management and advisory services, including acquisitions, development, dispositions, leasing, performance measurement, and asset and property management; and investment products across equity, fixed income, and balanced portfolios to institutional clients and private investors.