Melcor Developments (TSE:MRD) Stock Crosses Above 200 Day Moving Average - Here's What Happened

Melcor Developments Ltd. (TSE:MRD - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$12.96 and traded as high as C$14.37. Melcor Developments shares last traded at C$14.30, with a volume of 5,975 shares changing hands.

Melcor Developments Trading Down 0.2%

The stock's fifty day moving average price is C$14.04 and its 200 day moving average price is C$12.99. The company has a quick ratio of 2.65, a current ratio of 18.08 and a debt-to-equity ratio of 53.41. The stock has a market cap of C$433.92 million, a PE ratio of 37.95 and a beta of 1.41.

Melcor Developments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 30th were issued a dividend of $0.11 per share. The ex-dividend date was Monday, June 16th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.1%. Melcor Developments's dividend payout ratio is presently 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.