Melcor Developments Ltd. (MRD) To Go Ex-Dividend on June 15th

Melcor Developments Ltd. (TSE:MRD) declared a quarterly dividend on Monday, June 15th, TickerTech Dividends reports. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.15 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Monday, June 15th.

Melcor Developments Trading Down 0.7%

TSE:MRD traded down C$0.13 during trading hours on Friday, reaching C$18.40. 1,200 shares of the company were exchanged, compared to its average volume of 10,154. The company has a debt-to-equity ratio of 39.23, a current ratio of 5.50 and a quick ratio of 2.65. The firm has a market cap of C$551.74 million, a price-to-earnings ratio of 7.33 and a beta of 0.47. Melcor Developments has a 52-week low of C$13.54 and a 52-week high of C$19.34. The stock has a 50 day simple moving average of C$18.24 and a 200 day simple moving average of C$16.99.

Melcor Developments (TSE:MRD) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.76 earnings per share for the quarter. The company had revenue of C$45.37 million for the quarter. Melcor Developments had a net margin of 18.80% and a return on equity of 6.06%. As a group, analysts predict that Melcor Developments will post 2.3613596 EPS for the current year.

Melcor Developments Company Profile

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.