Melcor Developments (TSE:MRD) Stock Price Passes Above 200-Day Moving Average - Here's Why

Melcor Developments Ltd. (TSE:MRD - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$12.72 and traded as high as C$13.86. Melcor Developments shares last traded at C$13.71, with a volume of 5,286 shares trading hands.

Melcor Developments Price Performance

The firm has a market capitalization of C$414.19 million, a PE ratio of 36.22 and a beta of 1.41. The business has a 50-day moving average of C$13.23 and a 200 day moving average of C$12.73. The company has a current ratio of 18.08, a quick ratio of 2.65 and a debt-to-equity ratio of 53.41.

Melcor Developments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 30th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Monday, June 16th. Melcor Developments's payout ratio is currently 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.