Melcor Developments (MRD) Hits New 52-Week Low at $13.34
Shares of Melcor Developments Ltd. (TSE:MRD) hit a new 52-week low on Thursday . The stock traded as low as C$13.34 and last traded at C$13.40, with a volume of 5327 shares changing hands. The stock had previously closed at C$14.00.
The company has a current ratio of 9.66, a quick ratio of 1.61 and a debt-to-equity ratio of 56.49.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.52 dividend on an annualized basis and a yield of 3.87%. Melcor Developments’s dividend payout ratio (DPR) is 28.79%.
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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.
See Also: Intrinsic Value
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