Melcor Developments (TSE:MRD) Shares Cross Above 200 Day Moving Average - What's Next?

Melcor Developments Ltd. (TSE:MRD - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$12.63 and traded as high as C$14.27. Melcor Developments shares last traded at C$14.25, with a volume of 20,779 shares traded.

Melcor Developments Price Performance

The company has a debt-to-equity ratio of 53.41, a current ratio of 18.08 and a quick ratio of 2.65. The firm has a market capitalization of C$432.10 million, a P/E ratio of 37.79 and a beta of 1.41. The firm's 50 day simple moving average is C$12.75 and its two-hundred day simple moving average is C$12.66.

Melcor Developments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 3.09%. The ex-dividend date is Monday, June 16th. Melcor Developments's dividend payout ratio (DPR) 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.