Morguard Corp Announces Quarterly Dividend of $0.15 (MRC)

Morguard Corp (TSE:MRC) announced a quarterly dividend on Thursday, November 8th, Zacks reports. Shareholders of record on Friday, December 14th will be paid a dividend of 0.15 per share by the real estate investment trust on Monday, December 31st. This represents a $0.60 annualized dividend and a yield of 0.34%. The ex-dividend date is Thursday, December 13th.

Shares of TSE:MRC opened at C$175.06 on Friday. Morguard has a 12-month low of C$161.00 and a 12-month high of C$190.00. The company has a debt-to-equity ratio of 138.55, a quick ratio of 0.15 and a current ratio of 0.18.

In other Morguard news, Director David King sold 200 shares of the stock in a transaction that occurred on Wednesday, September 26th. The shares were sold at an average price of C$180.00, for a total transaction of C$36,000.00. Over the last ninety days, insiders have sold 900 shares of company stock valued at $157,500.

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Morguard Company Profile

Morguard Corporation, a real estate investment and management corporation, acquires, owns, and develops real estate properties in Canada and the United States. As of February 23, 2018, the company owned a portfolio of 208 multi-suite residential, retail, office, industrial, and hotel properties that comprised 18,129 residential suits, approximately 16.3 million square feet of commercial leasable space, and 5,557 hotel rooms.

Read More: What is a Fiduciary?

Dividend History for Morguard (TSE:MRC)

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