Melcor Developments (TSE:MRD) Hits New 52-Week High – What’s Next?

Melcor Developments Ltd. (TSE:MRD)’s share price hit a new 52-week high on Tuesday . The company traded as high as C$16.97 and last traded at C$16.71, with a volume of 3261 shares. The stock had previously closed at C$16.76.

Melcor Developments Stock Performance

The firm has a market cap of C$504.94 million, a PE ratio of 8.73 and a beta of 0.58. The stock has a 50-day moving average price of C$15.82 and a 200 day moving average price of C$15.28. The company has a debt-to-equity ratio of 53.41, a current ratio of 18.08 and a quick ratio of 2.65.

Melcor Developments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.52 dividend on an annualized basis and a yield of 3.1%. Melcor Developments’s dividend payout ratio (DPR) is currently 23.96%.

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.