Morguard Corp (MRC) to Issue $0.15 Quarterly Dividend
Morguard Corp (TSE:MRC) declared a quarterly dividend on Thursday, August 10th, Zacks reports. Shareholders of record on Friday, September 15th will be paid a dividend of 0.15 per share by the real estate investment trust on Friday, September 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date is Thursday, September 14th.
Shares of Morguard Corp (TSE MRC) traded up 0.40% on Friday, reaching $174.74. The company’s stock had a trading volume of 4,081 shares. Morguard Corp has a 1-year low of $166.39 and a 1-year high of $197.50. The company has a 50 day moving average of $176.70 and a 200 day moving average of $182.70. The stock has a market capitalization of $2.07 billion and a P/E ratio of 7.85.
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About Morguard Corp
Morguard Corp is a Canada-based real estate investment company. The Company is engaged in the acquisition, development and ownership of commercial, multi-unit residential and hotel real estate properties. It is also a real estate investment advisors and a management company. The Company and its subsidiaries, including Morguard Residential REIT and Morguard REIT, owns a portfolio of over 175 multi-unit residential, retail, office, industrial and hotel properties located in Canada and in the United States.
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