Melcor Developments Ltd. (TSE:MRD) Plans Quarterly Dividend of $0.16

Melcor Developments Ltd. (TSE:MRD – Get Rating) announced a quarterly dividend on Thursday, March 16th, Zacks reports. Shareholders of record on Friday, March 24th will be given a dividend of 0.16 per share on Friday, March 31st. This represents a $0.64 annualized dividend and a yield of 5.43%. The ex-dividend date is Thursday, March 23rd. This is a boost from Melcor Developments’s previous quarterly dividend of $0.15.

Melcor Developments Stock Down 0.3 %

Melcor Developments stock opened at C$11.79 on Friday. The company has a debt-to-equity ratio of 62.04, a current ratio of 12.49 and a quick ratio of 2.65. Melcor Developments has a fifty-two week low of C$9.76 and a fifty-two week high of C$17.84. The company’s 50-day moving average is C$11.78 and its 200-day moving average is C$11.24. The firm has a market capitalization of C$377.99 million, a PE ratio of 4.04 and a beta of 1.40.

About Melcor Developments

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