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 Melcor Developments 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 traded up C$0.05 during midday trading on Wednesday, hitting C$12.78. The company’s stock had a trading volume of 3,352 shares, compared to its average volume of 6,333. The company has a debt-to-equity ratio of 51.55, a quick ratio of 2.65 and a current ratio of 12.79. The business’s 50 day simple moving average is C$12.91 and its 200 day simple moving average is C$12.59. The company has a market cap of C$389.53 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 business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend was Friday, December 13th. Melcor Developments’s dividend payout ratio (DPR) is 17.96%.

Melcor Developments Company Profile

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.