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

Melcor Developments Ltd. (TSE:MRD) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.11 per share on Tuesday, December 31st. This represents a $0.44 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend is Friday, December 13th.

Melcor Developments Trading Down 0.2 %

Melcor Developments stock opened at C$13.08 on Friday. The company has a debt-to-equity ratio of 51.55, a quick ratio of 2.65 and a current ratio of 12.79. The firm’s 50-day moving average is C$12.98 and its 200-day moving average is C$12.23. The company has a market cap of C$398.68 million, a P/E ratio of 5.34 and a beta of 1.41. Melcor Developments has a 1 year low of C$11.00 and a 1 year high of C$13.39.

Melcor Developments (TSE:MRD) last announced its quarterly earnings results on Tuesday, August 6th. The company reported C$0.76 earnings per share (EPS) for the quarter. Melcor Developments had a return on equity of 5.96% and a net margin of 22.59%. The company had revenue of C$69.71 million during the quarter. On average, equities analysts expect that Melcor Developments will post 2.3613596 earnings per share for the current year.

Melcor Developments Company Profile

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.