Melcor Developments Ltd. (TSE:MRD) Senior Officer Sells C$48,084.06 in Stock

Melcor Developments Ltd. (TSE:MRD) Senior Officer Susan Keating sold 3,800 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of C$12.65, for a total value of C$48,084.06.

Melcor Developments Price Performance

MRD stock opened at C$12.49 on Friday. The stock has a 50-day moving average price of C$12.88 and a two-hundred day moving average price of C$12.60. The company has a market cap of C$380.70 million, a PE ratio of 5.10 and a beta of 1.41. The company has a current ratio of 12.79, a quick ratio of 2.65 and a debt-to-equity ratio of 51.55. Melcor Developments Ltd. has a 12-month low of C$11.20 and a 12-month high of C$13.39.

Melcor Developments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date was Friday, December 13th. Melcor Developments’s dividend payout ratio (DPR) is presently 17.96%.

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.