Melcor Developments (TSE:MRD) Hits New 1-Year High at $13.18

Melcor Developments Ltd. (TSE:MRD) reached a new 52-week high on Friday . The company traded as high as C$13.18 and last traded at C$13.10, with a volume of 2870 shares traded. The stock had previously closed at C$12.95.

Melcor Developments Stock Up 0.4 %

The company has a debt-to-equity ratio of 51.55, a quick ratio of 2.65 and a current ratio of 12.79. The business has a 50 day simple moving average of C$12.25 and a 200-day simple moving average of C$11.79. The firm has a market capitalization of C$396.24 million, a price-to-earnings ratio of 5.29 and a beta of 1.40.

Melcor Developments (TSE:MRD) last posted its quarterly earnings results on Tuesday, August 6th. The company reported C$0.76 earnings per share for the quarter. Melcor Developments had a net margin of 22.59% and a return on equity of 5.96%. The business had revenue of C$69.71 million during the quarter. On average, equities analysts expect that Melcor Developments Ltd. will post 2.3183521 EPS for the current year.

Melcor Developments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 27th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Friday, September 13th. Melcor Developments’s dividend payout ratio (DPR) is presently 17.96%.

About Melcor Developments

Melcor Developments Ltd. operates as a real estate development company in the United States and Canada. The company operates through Land, Properties, REIT, and Golf divisions. It develops, owns, and manages mixed-use residential communities, business and industrial parks, office buildings, retail centers, and golf courses.