Melcor Developments Ltd. to Issue Quarterly Dividend of $0.13 (MRD)

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Melcor Developments Ltd. (TSE:MRD) declared a quarterly dividend on Thursday, August 2nd, Zacks reports. Investors of record on Friday, September 14th will be given a dividend of 0.13 per share on Saturday, September 29th. This represents a $0.52 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend is Thursday, September 13th.

TSE MRD traded up C$0.05 during mid-day trading on Friday, hitting C$14.55. The stock had a trading volume of 1,500 shares, compared to its average volume of 5,543. Melcor Developments has a twelve month low of C$13.43 and a twelve month high of C$15.95.

Melcor Developments (TSE:MRD) last posted its quarterly earnings data on Thursday, August 2nd. The company reported C$0.05 EPS for the quarter. Melcor Developments had a return on equity of 4.72% and a net margin of 18.34%. The firm had revenue of C$42.79 million during the quarter.

Melcor Developments Company Profile

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

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Dividend History for Melcor Developments (TSE:MRD)

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