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

Melcor Developments Ltd. (TSE:MRD) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Friday, December 13th will be paid a dividend of 0.11 per share on Tuesday, December 31st. This represents a $0.44 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date is Friday, December 13th.

Melcor Developments Stock Performance

TSE:MRD opened at C$13.08 on Friday. The company has a debt-to-equity ratio of 51.55, a quick ratio of 2.65 and a current ratio of 12.79. Melcor Developments has a fifty-two week low of C$11.00 and a fifty-two week high of C$13.39. The business has a 50 day moving average price of C$12.98 and a 200-day moving average price of C$12.23. The firm has a market cap of C$398.68 million, a PE ratio of 5.34 and a beta of 1.41.

Melcor Developments (TSE:MRD) last announced its quarterly earnings results on Tuesday, August 6th. The company reported C$0.76 earnings per share for the quarter. Melcor Developments had a net margin of 22.59% and a return on equity of 5.96%. The business had revenue of C$69.71 million during the quarter. Equities research analysts predict that Melcor Developments will post 2.3613596 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 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.