Morguard Co. (MRC) to Issue Quarterly Dividend of $0.20 on December 31st

Morguard Co. (TSE:MRC) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Shareholders 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 0.66%. The ex-dividend date of this dividend is Monday, December 16th. This is a positive change from Morguard’s previous quarterly dividend of $0.15.

Morguard Trading Up 0.2 %

Shares of Morguard stock traded up C$0.23 during trading on Friday, reaching C$120.88. The company’s stock had a trading volume of 324 shares, compared to its average volume of 2,235. The company has a quick ratio of 0.13, a current ratio of 0.29 and a debt-to-equity ratio of 127.16. Morguard has a 52-week low of C$101.56 and a 52-week high of C$128.69. The firm’s 50-day moving average is C$120.59 and its two-hundred day moving average is C$114.48. The company has a market cap of C$1.31 billion, a price-to-earnings ratio of 6.42 and a beta of 1.18.

Morguard (TSE:MRC) last posted its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported C$4.98 earnings per share (EPS) for the quarter. The business had revenue of C$278.53 million during the quarter. Morguard had a net margin of 17.07% and a return on equity of 3.72%. On average, sell-side analysts anticipate that Morguard will post 26.1506276 earnings per share for the current year.

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.