Melcor Developments (TSE:MRD) Hits New 12-Month High – What’s Next?

Melcor Developments Ltd. (TSE:MRD)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$16.54 and last traded at C$16.50, with a volume of 18110 shares changing hands. The stock had previously closed at C$16.40.

Melcor Developments Stock Performance

The stock has a 50-day moving average price of C$15.69 and a 200 day moving average price of C$15.19. The company has a debt-to-equity ratio of 53.41, a current ratio of 18.08 and a quick ratio of 2.65. The firm has a market cap of C$498.32 million, a PE ratio of 8.62 and a beta of 0.58.

Melcor Developments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors 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 annualized dividend and a yield of 3.1%. Melcor Developments’s dividend payout ratio (DPR) is currently 23.96%.

Melcor Developments Company Profile

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.