Melcor Developments Ltd. (TSE:MRD) Announces Quarterly Dividend of $0.16

Melcor Developments Ltd. (TSE:MRDGet Free Report) announced a quarterly dividend on Thursday, September 14th, Zacks reports. Stockholders of record on Friday, September 29th will be given a dividend of 0.16 per share on Friday, September 29th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date of this dividend is Thursday, September 14th.

Melcor Developments Stock Performance

Melcor Developments stock opened at C$12.25 on Wednesday. The company has a debt-to-equity ratio of 56.13, a current ratio of 11.50 and a quick ratio of 2.65. The stock has a fifty day moving average price of C$11.70 and a two-hundred day moving average price of C$11.59. Melcor Developments has a 52-week low of C$9.76 and a 52-week high of C$12.48. The firm has a market capitalization of C$378.77 million, a P/E ratio of 4.64 and a beta of 1.35.

Melcor Developments (TSE:MRDGet Free Report) last announced its earnings results on Thursday, August 10th. The company reported C$0.69 earnings per share for the quarter. The company had revenue of C$65.25 million during the quarter. Melcor Developments had a return on equity of 6.89% and a net margin of 35.51%. As a group, analysts anticipate that Melcor Developments will post 2.3011364 EPS for the current fiscal year.

About Melcor Developments

(Get Free Report)

Melcor Developments Ltd. operates as a real estate development company in the United States and Canada. The company operates through Community Development, Property Development, REIT, Investment Property, and Recreational Property segments. It develops, owns, and manages mixed-use residential communities, business and industrial parks, office buildings, retail centers, and golf courses.

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Dividend History for Melcor Developments (TSE:MRD)

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