Melcor Developments Ltd. (TSE:MRD) Senior Officer Susan Keating Sells 3,800 Shares

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

Melcor Developments Price Performance

Shares of TSE:MRD opened at C$12.79 on Thursday. The company has a 50 day moving average of C$12.91 and a 200 day moving average of C$12.60. The company has a current ratio of 12.79, a quick ratio of 2.65 and a debt-to-equity ratio of 51.55. The stock has a market cap of C$389.84 million, a P/E ratio of 5.22 and a beta of 1.41. Melcor Developments Ltd. has a 12 month low of C$11.20 and a 12 month high of C$13.39.

Melcor Developments Announces Dividend

The company also recently declared 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 was Friday, December 13th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.44%. Melcor Developments’s dividend payout ratio (DPR) is currently 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.