Melcor Developments Ltd. (TSE:MRD – Get Free Report)’s share price reached a new 52-week high on Tuesday . The stock traded as high as C$13.50 and last traded at C$13.40, with a volume of 4852 shares traded. The stock had previously closed at C$13.37.
Melcor Developments Price Performance
The company has a debt-to-equity ratio of 53.41, a current ratio of 18.08 and a quick ratio of 2.65. The firm has a market capitalization of C$395.99 million, a P/E ratio of 34.63 and a beta of 1.41. The firm’s 50 day simple moving average is C$12.16 and its two-hundred day simple moving average is C$12.57.
Melcor Developments Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 28th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 3.37%. The ex-dividend date was Friday, March 21st. Melcor Developments’s dividend payout ratio is presently 116.76%.
About Melcor Developments
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.
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