Morguard Corp (TSE:MRC) announced a quarterly dividend on Thursday, November 8th, Zacks reports. Shareholders of record on Friday, December 14th will be given a dividend of 0.15 per share by the real estate investment trust on Monday, December 31st. This represents a $0.60 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend is Thursday, December 13th.
TSE:MRC traded down C$2.53 on Friday, reaching C$175.06. The company’s stock had a trading volume of 1,300 shares, compared to its average volume of 3,818. 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 Morguard stock in a transaction on Wednesday, September 26th. The stock was sold at an average price of C$180.00, for a total value of C$36,000.00. Insiders sold 900 shares of company stock worth $157,500 in the last 90 days.
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.
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