Melcor Developments Ltd. (TSE:MRD) Announces Dividend Increase – $0.16 Per Share

Melcor Developments Ltd. (TSE:MRD – Get Rating) declared a quarterly dividend on Thursday, March 16th, Zacks reports. Investors of record on Friday, March 24th will be given a dividend of 0.16 per share on Friday, March 31st. This represents a $0.64 annualized dividend and a yield of 5.43%. The ex-dividend date of this dividend is Thursday, March 23rd. This is a boost from Melcor Developments’s previous quarterly dividend of $0.15.

Melcor Developments Stock Performance

Melcor Developments stock opened at C$11.79 on Friday. The company has a debt-to-equity ratio of 62.04, a quick ratio of 2.65 and a current ratio of 12.49. The stock’s 50 day moving average price is C$11.78 and its 200 day moving average price is C$11.24. The firm has a market capitalization of C$377.99 million, a PE ratio of 4.04 and a beta of 1.40. Melcor Developments has a one year low of C$9.76 and a one year high of C$17.84.

About Melcor Developments

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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.