Melcor Developments Ltd. (MRD) To Go Ex-Dividend on March 20th

Melcor Developments Ltd. (TSE:MRD) announced a quarterly dividend on Friday, March 20th, TickerTech Dividends reports. Stockholders of record on Tuesday, March 31st will be given a dividend of 0.15 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, March 20th. This is a 15.4% increase from Melcor Developments’s previous quarterly dividend of $0.13.

Melcor Developments Trading Up 0.3%

MRD opened at C$18.36 on Wednesday. Melcor Developments has a 12 month low of C$11.30 and a 12 month high of C$18.45. The company has a market cap of C$552.82 million, a PE ratio of 9.56 and a beta of 0.63. The company has a 50 day moving average of C$16.55 and a 200 day moving average of C$15.58.

Melcor Developments (TSE:MRD) last posted its quarterly earnings results on Tuesday, March 10th. The company reported C$1.05 EPS for the quarter. Melcor Developments had a return on equity of 4.65% and a net margin of 14.13%.The firm had revenue of C$187.12 million during the quarter. Research analysts forecast that Melcor Developments will post 2.3613596 earnings per share for the current fiscal year.

About Melcor Developments

Melcor Developments Ltd is a real estate development and asset management company. It develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. Its divisions include Community Development, which is engaged in acquiring raw land and planning residential communities and commercial developments; Property Development, which is engaged in project managing development, leasing, and construction of commercial properties; Investment Properties operates a portfolio of commercial and residential properties, focused on property improvements and capital appreciation; the REIT, which is engaged in acquiring and owning leasable office, retail, industrial and residential sites; Recreation Property and Corporate.