Melcor Developments Ltd. (TSE:MRD - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$13.18 and traded as high as C$15.09. Melcor Developments shares last traded at C$15.09, with a volume of 3,960 shares.
Melcor Developments Stock 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 company's 50-day moving average price is C$14.24 and its two-hundred day moving average price is C$13.22. The company has a market capitalization of C$460.92 million, a price-to-earnings ratio of 40.31 and a beta of 1.41.
Melcor Developments Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 30th were given a dividend of $0.11 per share. The ex-dividend date was Monday, June 16th. This represents a $0.44 annualized dividend and a dividend yield of 2.9%. Melcor Developments's dividend payout ratio is 116.76%.
About Melcor Developments
(
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Melcor Developments Ltd is a real estate development and asset management company. It develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. Its divisions include Community Development, which is engaged in acquiring raw land and planning residential communities and commercial developments; Property Development, which is engaged in project managing development, leasing, and construction of commercial properties; Investment Properties operates a portfolio of commercial and residential properties, focused on property improvements and capital appreciation; the REIT, which is engaged in acquiring and owning leasable office, retail, industrial and residential sites; Recreation Property and Corporate.
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