Insider Selling: Melcor Developments Ltd. (TSE:MRD) Senior Officer Sells 3,800 Shares of Stock

Melcor Developments Ltd. (TSE:MRD) Senior Officer Susan Keating sold 3,800 shares of the stock in a transaction dated Wednesday, January 8th. The shares were 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$12.55 on Friday. The business has a 50 day moving average price of C$12.90 and a 200 day moving average price of C$12.60. The company has a market capitalization of C$382.52 million, a P/E ratio of 5.12 and a beta of 1.41. Melcor Developments Ltd. has a 1-year low of C$11.20 and a 1-year high of C$13.39. The company has a debt-to-equity ratio of 51.55, a current ratio of 12.79 and a quick ratio of 2.65.

Melcor Developments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a $0.11 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.44 annualized dividend and a dividend yield of 3.51%. Melcor Developments’s dividend payout ratio 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.