Morguard Co. (TSE:MRC) to Issue Quarterly Dividend of $0.15

Morguard Co. (TSE:MRC) declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Investors of record on Friday, June 14th will be paid a dividend of 0.15 per share by the real estate investment trust on Friday, June 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Friday, June 14th.

Morguard Trading Up 0.9 %

Shares of TSE:MRC traded up C$1.00 during trading on Thursday, reaching C$111.00. The stock had a trading volume of 1,425 shares, compared to its average volume of 1,828. The firm’s fifty day moving average is C$113.92 and its 200 day moving average is C$109.62. Morguard has a 52 week low of C$100.05 and a 52 week high of C$122.58. The stock has a market cap of C$1.20 billion, a price-to-earnings ratio of 16.32 and a beta of 1.18. The company has a debt-to-equity ratio of 142.74, a quick ratio of 0.13 and a current ratio of 0.30.

Morguard (TSE:MRC) last posted its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported C$1.25 earnings per share for the quarter. Morguard had a return on equity of 1.33% and a net margin of 5.97%. The business had revenue of C$312.86 million for the quarter. As a group, equities analysts forecast that Morguard will post 23.7068966 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.