Madison Pacific Properties (TSE:MPC) Shares Down 1.3% - Here's What Happened

Key Points

• Madison Pacific Properties Inc. shares fell by 1.3%, trading at C$5.30, with trading volume down by 92% from the average.
• The company has a market capitalization of C$315.15 million and a negative PE ratio of -7.16.
• Madison Pacific recently declared a $0.0525 dividend, resulting in a dividend payout ratio of -14.19%.

Shares of Madison Pacific Properties Inc. (TSE:MPC - ) dropped 1.3% on Friday . The company traded as low as C$5.30 and last traded at C$5.30. Approximately 100 shares traded hands during trading, a decline of 92% from the average daily volume of 1,331 shares. The stock had previously closed at C$5.37.

Madison Pacific Properties Trading Down 1.3%

The stock has a 50-day moving average price of C$5.32 and a two-hundred day moving average price of C$5.13. The company has a debt-to-equity ratio of 73.53, a quick ratio of 0.43 and a current ratio of 0.18. The stock has a market capitalization of C$315.15 million, a PE ratio of -7.16 and a beta of 0.16.

Madison Pacific Properties Dividend Announcement

The firm also recently declared a half year 25 dividend, which was paid on Wednesday, September 3rd. Investors of record on Monday, August 25th were issued a $0.0525 dividend. Madison Pacific Properties's dividend payout ratio is presently -14.19%.

About Madison Pacific Properties

Madison Pacific Properties Inc is a real estate company. It owns, develops, and operates office, industrial, and commercial real estate properties located in Western Canada. It also has investments in joint ventures that construct residential properties. The company has one reportable segment that being the Rental of Office, Industrial, Commercial, and multi-family real estate properties located in Canada.

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