Melcor Developments Ltd. (TSE:MRD) Senior Officer Sells C$48,084.06 in Stock

Melcor Developments Ltd. (TSE:MRD) Senior Officer Susan Keating sold 3,800 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of C$12.65, for a total transaction of C$48,084.06.

Melcor Developments Stock Performance

TSE MRD opened at C$12.79 on Thursday. The company has a market capitalization of C$389.84 million, a P/E ratio of 5.22 and a beta of 1.41. The company has a debt-to-equity ratio of 51.55, a quick ratio of 2.65 and a current ratio of 12.79. Melcor Developments Ltd. has a 52-week low of C$11.20 and a 52-week high of C$13.39. The company has a fifty day moving average of C$12.91 and a 200-day moving average of C$12.60.

Melcor Developments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.44 annualized dividend and a dividend yield of 3.44%. 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.