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

Melcor Developments Ltd. (TSE:MRD) declared a quarterly dividend on Monday, June 15th, TickerTech Dividends reports. Investors of record on Tuesday, June 30th will be given a dividend of 0.15 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Monday, June 15th.

Melcor Developments Price Performance

Melcor Developments stock traded down C$0.13 during mid-day trading on Friday, hitting C$18.40. The stock had a trading volume of 1,200 shares, compared to its average volume of 10,154. Melcor Developments has a one year low of C$13.54 and a one year high of C$19.34. The company has a current ratio of 5.50, a quick ratio of 2.65 and a debt-to-equity ratio of 39.23. The firm has a market capitalization of C$551.74 million, a P/E ratio of 7.33 and a beta of 0.47. The firm’s 50 day moving average is C$18.24 and its 200 day moving average is C$16.99.

Melcor Developments (TSE:MRD) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.76 EPS for the quarter. The business had revenue of C$45.37 million for the quarter. Melcor Developments had a return on equity of 6.06% and a net margin of 18.80%. On average, sell-side analysts forecast that Melcor Developments will post 2.3613596 earnings per share for the current fiscal year.

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.