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

Melcor Developments Ltd. (TSE:MRD) declared a quarterly dividend on Friday, March 21st, TickerTech Dividends reports. Stockholders of record on Friday, March 28th will be paid a dividend of 0.11 per share on Friday, March 28th. This represents a $0.44 annualized dividend and a dividend yield of 3.65%. The ex-dividend date is Friday, March 21st.

Melcor Developments Stock Up 0.4 %

Shares of TSE:MRD opened at C$12.05 on Wednesday. The company has a fifty day moving average of C$12.62 and a 200-day moving average of C$12.82. The company has a market capitalization of C$365.64 million, a PE ratio of 31.98 and a beta of 1.41. The company has a debt-to-equity ratio of 53.41, a quick ratio of 2.65 and a current ratio of 18.08. Melcor Developments has a 52-week low of C$11.20 and a 52-week high of C$13.39.

Insider Transactions at Melcor Developments

In related news, 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. Company insiders own 65.20% of the company’s stock.

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.