Morguard Co. (TSE:MRC) Increases Dividend to $0.20 Per Share

Morguard Co. (TSE:MRC) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders of record on Monday, December 16th will be given a dividend of 0.20 per share by the real estate investment trust on Tuesday, December 31st. This represents a $0.80 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend is Monday, December 16th. This is a positive change from Morguard’s previous quarterly dividend of $0.15.

Morguard Stock Up 0.2 %

Shares of TSE MRC opened at C$120.88 on Friday. The stock has a market cap of C$1.31 billion, a P/E ratio of 6.42 and a beta of 1.18. The company has a current ratio of 0.29, a quick ratio of 0.13 and a debt-to-equity ratio of 127.16. Morguard has a 12-month low of C$101.56 and a 12-month high of C$128.69. The business’s fifty day simple moving average is C$120.59 and its 200-day simple moving average is C$114.48.

Morguard (TSE:MRC) last announced its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported C$4.98 earnings per share (EPS) for the quarter. The business had revenue of C$278.53 million for the quarter. Morguard had a return on equity of 3.72% and a net margin of 17.07%. As a group, equities analysts predict that Morguard will post 26.1506276 EPS for the current fiscal year.

Morguard Company Profile

Morguard Corporation, a real estate investment and management company, engages in property ownership, development, and investment advisory services in Canada and the United States. It operates in four segments: Multi-Suite Residential, Retail, Office, and Hotel. The company offers real estate management and advisory services, including acquisitions, development, dispositions, leasing, performance measurement, and asset and property management; and investment products across equity, fixed income, and balanced portfolios to institutional clients and private investors.