Melcor Developments Ltd. Plans Quarterly Dividend of $0.15 (TSE:MRD)

Melcor Developments Ltd. (TSE:MRD) announced a quarterly dividend on Tuesday, September 15th. Shareholders of record on Tuesday, September 29th will be paid a dividend of 0.15 per share on Tuesday, September 29th. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 15th.

Melcor Developments Trading Up 0.3%

Shares of TSE:MRD traded up C$0.05 during trading hours on Friday, hitting C$19.00. 15,742 shares of the company’s stock traded hands, compared to its average volume of 8,173. The firm has a market capitalization of C$569.73 million, a P/E ratio of 6.33 and a beta of 0.46. The business has a fifty day moving average price of C$18.70 and a 200-day moving average price of C$18.33. Melcor Developments has a 1 year low of C$14.18 and a 1 year high of C$19.47. The company has a debt-to-equity ratio of 37.81, a current ratio of 5.10 and a quick ratio of 2.65.

Melcor Developments (TSE:MRD) last issued its quarterly earnings results on Thursday, August 13th. The company reported C$0.73 earnings per share (EPS) for the quarter. The firm had revenue of C$61.99 million during the quarter. Melcor Developments had a return on equity of 7.14% and a net margin of 24.75%. Equities analysts expect that Melcor Developments will post 2.3613596 earnings per share for the current year.

About Melcor Developments

Melcor is a diversified real estate development and asset management company that transforms real estate from raw land through to high-quality finished product in both residential and commercial built form. Melcor develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centres and golf courses. Melcor owns a well diversified portfolio of assets in Alberta, Saskatchewan, British Columbia, Arizona and Colorado. Melcor has been focused on real estate since 1923.