Morguard Co. (TSE:MRC) Declares Dividend Increase – $0.20 Per Share

Morguard Co. (TSE:MRC) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Investors of record on Monday, December 16th will be paid a dividend of 0.20 per share by the real estate investment trust on Tuesday, December 31st. This represents a $0.80 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Monday, December 16th. This is a boost from Morguard’s previous quarterly dividend of $0.15.

Morguard Stock Down 1.1 %

TSE MRC opened at C$119.15 on Friday. Morguard has a fifty-two week low of C$103.00 and a fifty-two week high of C$128.69. The business has a fifty day moving average price of C$120.46 and a two-hundred day moving average price of C$115.89. The company has a debt-to-equity ratio of 127.16, a current ratio of 0.29 and a quick ratio of 0.13. The stock has a market capitalization of C$1.29 billion, a PE ratio of 6.33 and a beta of 1.18.

About Morguard

Morguard Corporation, a real estate investment and management company, engages in property ownership, development, and investment advisory services in Canada and the United States. It operates in four segments: Multi-Suite Residential, Retail, Office, and Hotel. The company offers real estate management and advisory services, including acquisitions, development, dispositions, leasing, performance measurement, and asset and property management; and investment products across equity, fixed income, and balanced portfolios to institutional clients and private investors.