Melcor Developments (TSE:MRD) Reaches New 1-Year High - Here's Why

Shares of Melcor Developments Ltd. (TSE:MRD - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as C$14.06 and last traded at C$14.05, with a volume of 4100 shares traded. The stock had previously closed at C$13.91.

Melcor Developments Price Performance

The firm has a market cap of C$421.48 million, a price-to-earnings ratio of 36.86 and a beta of 1.41. The company's fifty day moving average is C$12.55 and its 200 day moving average is C$12.63. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 28th were paid a $0.11 dividend. The ex-dividend date was Friday, March 21st. This represents a $0.44 dividend on an annualized basis and a yield of 3.17%. Melcor Developments's dividend payout ratio is 116.76%.

Melcor Developments Company Profile

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.