Melcor Developments (TSE:MRD) Sets New 12-Month High - Time to Buy?

Key Points

• Melcor Developments Ltd. has reached a new 52-week high of C$14.95, with shares last trading at C$14.74 and a total volume of 7,366 shares.
• The company recently declared a quarterly dividend of $0.11, resulting in an annualized dividend of $0.44 and a yield of 3.0%, but has a high dividend payout ratio of 116.76%.
• Melcor operates in the real estate sector across the United States and Canada, managing various types of properties including residential communities, industrial parks, and golf courses.

Shares of Melcor Developments Ltd. (TSE:MRD - ) hit a new 52-week high on Friday . The stock traded as high as C$14.95 and last traded at C$14.74, with a volume of 7366 shares trading hands. The stock had previously closed at C$14.59.

Melcor Developments Stock Performance

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$443.63 million, a price-to-earnings ratio of 38.80 and a beta of 1.41. The stock's fifty day moving average is C$14.11 and its two-hundred day moving average is C$13.10.

Melcor Developments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 30th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Monday, June 16th. Melcor Developments's dividend payout ratio is 116.76%.

About Melcor Developments

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.

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.