Melcor Developments (TSE:MRD) Hits New 52-Week High - Here's What Happened

Shares of Melcor Developments Ltd. (TSE:MRD - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$14.01 and last traded at C$13.90, with a volume of 6623 shares changing hands. The stock had previously closed at C$13.61.

Melcor Developments Trading Up 2.7%

The company has a market cap of C$424.82 million, a price-to-earnings ratio of 37.15 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. The business's 50 day moving average price is C$12.36 and its 200-day moving average price is C$12.59.

Melcor Developments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 28th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend was Friday, March 21st. 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.