Melcor Developments Ltd. (TSE:MRD) Increases Dividend to $0.13 Per Share

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) declared a quarterly dividend on Monday, September 15th, TickerTech Dividends reports. Stockholders of record on Monday, September 29th will be paid a dividend of 0.13 per share on Monday, September 29th. This represents a c) annualized dividend and a dividend 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 Stock Up 0.2%

Shares of MRD traded up C$0.03 during midday trading on Thursday, hitting C$15.28. The company had a trading volume of 700 shares, compared to its average volume of 7,132. The company's 50-day simple moving average is C$14.68 and its 200-day simple moving average is C$13.47. The company has a debt-to-equity ratio of 53.41, a quick ratio of 2.65 and a current ratio of 18.08. The firm has a market capitalization of C$461.35 million, a P/E ratio of 49.29 and a beta of 0.64. Melcor Developments has a 1 year low of C$11.30 and a 1 year high of C$15.45.

Melcor Developments Company Profile

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.