Melcor Developments (TSE:MRD) Shares Cross Above 200 Day Moving Average - Should You Sell?

Key Points

• Melcor Developments Ltd. (TSE:MRD) has surpassed its 200-day moving average of C$13.03, trading as high as C$14.38.
• The company recently announced a quarterly dividend of $0.11 per share, yielding 3.1%, though its dividend payout ratio is high at 116.76%.
• Melcor Developments operates in real estate development across North America, managing various properties including residential communities, office buildings, and golf courses.

Melcor Developments Ltd. (TSE:MRD - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$13.03 and traded as high as C$14.38. Melcor Developments shares last traded at C$14.30, with a volume of 3,466 shares trading hands.

Melcor Developments Price Performance

The business has a fifty day moving average of C$14.08 and a 200-day moving average of C$13.06. The firm has a market cap of C$427.85 million, a PE ratio of 37.42 and a beta of 1.41. 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 firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 30th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, June 16th. Melcor Developments's dividend payout ratio (DPR) 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.