Melcor Developments Ltd. (TSE:MRD) to Issue Quarterly Dividend of $0.14

Melcor Developments Ltd. (TSE:MRDGet Rating) declared a quarterly dividend on Monday, May 9th, Zacks reports. Stockholders of record on Wednesday, June 15th will be paid a dividend of 0.14 per share on Thursday, June 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend is Tuesday, June 14th.

MRD traded up C$0.44 during trading on Wednesday, reaching C$13.93. 10,676 shares of the company were exchanged, compared to its average volume of 8,555. The company’s 50-day moving average is C$16.40 and its two-hundred day moving average is C$15.14. The company has a market cap of C$457.36 million and a price-to-earnings ratio of 8.11. The company has a quick ratio of 2.13, a current ratio of 9.21 and a debt-to-equity ratio of 59.51. Melcor Developments has a 12-month low of C$11.44 and a 12-month high of C$17.84.

Melcor Developments (TSE:MRDGet Rating) last issued its quarterly earnings data on Wednesday, March 16th. The company reported C$1.35 earnings per share (EPS) for the quarter. The company had revenue of C$150.60 million for the quarter. Equities analysts forecast that Melcor Developments will post 2.1900001 earnings per share for the current year.

Separately, Royal Bank of Canada increased their price objective on Melcor Developments from C$18.00 to C$19.00 and gave the company a “sector perform” rating in a research report on Monday, March 21st.

About Melcor Developments (Get Rating)

Melcor Developments Ltd. operates as a real estate development company in the United States and Canada. The company operates through Community Development, Property Development, REIT, Investment Property, and Recreational Property segments. It develops, manages, and owns mixed-use residential communities, business and industrial parks, office buildings, retail centers, and golf courses.

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Dividend History for Melcor Developments (TSE:MRD)

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