Morguard Corp (MRC) to Issue Quarterly Dividend of $0.15 on December 31st

Morguard Corp (TSE:MRC) declared a quarterly dividend on Thursday, November 8th, Zacks reports. Stockholders of record on Friday, December 14th will be paid a dividend of 0.15 per share by the real estate investment trust on Monday, December 31st. This represents a $0.60 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend is Thursday, December 13th.

MRC stock traded down C$2.53 during trading on Friday, hitting C$175.06. 1,300 shares of the company traded hands, compared to its average volume of 3,818. The company has a current ratio of 0.18, a quick ratio of 0.15 and a debt-to-equity ratio of 138.55. Morguard has a 1 year low of C$161.00 and a 1 year high of C$190.00.

In related news, Director David King sold 300 shares of Morguard stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of C$173.00, for a total transaction of C$51,900.00. Over the last quarter, insiders have sold 900 shares of company stock valued at $157,500.

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Morguard Company Profile

Morguard Corporation, a real estate investment and management corporation, acquires, owns, and develops real estate properties in Canada and the United States. As of February 23, 2018, the company owned a portfolio of 208 multi-suite residential, retail, office, industrial, and hotel properties that comprised 18,129 residential suits, approximately 16.3 million square feet of commercial leasable space, and 5,557 hotel rooms.

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Dividend History for Morguard (TSE:MRC)

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