Melcor Developments Ltd. (MRD) to Issue Quarterly Dividend of $0.08 on June 30th

Melcor Developments Ltd. (TSE:MRD) announced a quarterly dividend on Wednesday, May 20th, Zacks reports. Investors of record on Monday, June 15th will be paid a dividend of 0.08 per share on Tuesday, June 30th. This represents a $0.32 annualized dividend and a yield of 4.57%. The ex-dividend date of this dividend is Friday, June 12th.

TSE MRD traded up C$0.07 on Friday, hitting C$7.00. The stock had a trading volume of 9,600 shares, compared to its average volume of 6,344. The company’s 50-day moving average is C$6.71 and its two-hundred day moving average is C$10.70. Melcor Developments has a one year low of C$5.58 and a one year high of C$13.86. The stock has a market cap of $218.26 million and a price-to-earnings ratio of 6.19. The company has a quick ratio of 1.13, a current ratio of 6.77 and a debt-to-equity ratio of 63.30.

Melcor Developments (TSE:MRD) last issued its quarterly earnings data on Wednesday, March 11th. The company reported C$0.51 earnings per share (EPS) for the quarter. The business had revenue of C$78.06 million for the quarter. On average, sell-side analysts anticipate that Melcor Developments will post 1.4 earnings per share for the current year.

About Melcor Developments

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

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Dividend History for Melcor Developments (TSE:MRD)

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