Melcor Developments Ltd. Announces Quarterly Dividend of $0.11 (TSE:MRD)

Melcor Developments Ltd. (TSE:MRD) declared a quarterly dividend on Friday, December 13th,Zacks Dividends reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.11 per share on Tuesday, December 31st. This represents a $0.44 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Friday, December 13th.

Melcor Developments Stock Up 0.1 %

Melcor Developments stock opened at C$12.91 on Wednesday. The company has a market capitalization of C$393.50 million, a P/E ratio of 5.27 and a beta of 1.41. Melcor Developments has a 1-year low of C$11.00 and a 1-year high of C$13.39. The firm’s fifty day simple moving average is C$13.15 and its 200-day simple moving average is C$12.47. The company has a current ratio of 12.79, a quick ratio of 2.65 and a debt-to-equity ratio of 51.55.

About Melcor Developments

Melcor Developments Ltd. operates as a real estate development company in the United States and Canada. The company operates through Land, Properties, REIT, and Golf divisions. It develops, owns, and manages mixed-use residential communities, business and industrial parks, office buildings, retail centers, and golf courses.