Melcor Developments Ltd. (TSE:MRD) to Issue Quarterly Dividend of $0.13

Key Points

• Melcor Developments Ltd. announced a quarterly dividend of $0.13 per share, which represents an 18.2% increase from the previous dividend of $0.11.
• The ex-dividend date is set for September 15th, with dividend payments to be made on September 29th, aiming at an annualized yield of 3.4%.
• As of the last trading session, Melcor's share price was C$15.28, showing a 12-month range of C$11.30 to C$15.45 and a market capitalization of C$461.35 million.

Melcor Developments Ltd. (TSE:MRD - Get Free Report) announced a quarterly dividend on Monday, September 15th, TickerTech Dividends reports. Investors of record on Monday, September 29th will be paid a dividend of 0.13 per share on Monday, September 29th. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Monday, September 15th. This is a 18.2% increase from Melcor Developments's previous quarterly dividend of $0.11.

Melcor Developments Price Performance

MRD traded down C$0.09 during trading on Friday, reaching C$15.28. 1,971 shares of the company were exchanged, compared to its average volume of 7,254. The company's 50-day moving average is C$14.60 and its two-hundred day moving average is C$13.42. The company has a quick ratio of 2.65, a current ratio of 18.08 and a debt-to-equity ratio of 53.41. Melcor Developments has a 12-month low of C$11.30 and a 12-month high of C$15.45. The company has a market cap of C$461.35 million, a price-to-earnings ratio of 49.29 and a beta of 0.64.

About Melcor Developments

Melcor Developments Ltd is a real estate development and asset management company. It develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. Its divisions include Community Development, which is engaged in acquiring raw land and planning residential communities and commercial developments; Property Development, which is engaged in project managing development, leasing, and construction of commercial properties; Investment Properties operates a portfolio of commercial and residential properties, focused on property improvements and capital appreciation; the REIT, which is engaged in acquiring and owning leasable office, retail, industrial and residential sites; Recreation Property and Corporate.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.