Melcor Developments Ltd. (TSE:MRD) to Issue $0.15 Quarterly Dividend

Melcor Developments Ltd. (TSE:MRD) announced a quarterly dividend on Tuesday, September 15th. Stockholders 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 dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 15th.

Melcor Developments Stock Up 0.3%

Shares of TSE MRD traded up C$0.05 during midday trading on Friday, reaching C$19.00. 15,742 shares of the company’s stock traded hands, compared to its average volume of 8,173. The company has a quick ratio of 2.65, a current ratio of 5.10 and a debt-to-equity ratio of 37.81. The stock’s 50 day simple moving average is C$18.70 and its 200-day simple moving average is C$18.33. Melcor Developments has a one year low of C$14.18 and a one year high of C$19.47. The company has a market cap of C$569.73 million, a price-to-earnings ratio of 6.33 and a beta of 0.46.

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