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Shares of Melcor Developments Ltd. (OTCMKTS:MODVF – Get Rating) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $11.78 and traded as high as $13.61. Melcor Developments shares last traded at $13.61, with a volume of 548 shares traded. The firm has a […]
Melcor Developments Ltd. (TSE:MRD – Get Rating) announced a quarterly dividend on Wednesday, March 16th, Zacks reports. Investors of record on Friday, March 25th will be paid a dividend of 0.14 per share on Thursday, March 31st. This represents a $0.56 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of […]
EDMONTON, Alberta, March 16, 2022 (GLOBE NEWSWIRE) -- Melcor Developments Ltd. (TSX: MRD), a real estate development and asset management company with...
% 2020 revenue grew by 9% as a result of growth in Community Development division revenue. Our Harmony community in the US contributed $34.16 million to revenue as we both developed and sold out our second phase (181 lots). We also sold additional lots in phase one and have only four lots remaining and they are reserved for a future showhome parade. US revenue, which includes both investment properties and residential development, made up 22% of total revenue. Our portfolio of income properties grew 1% to 4.63 million sf via properties constructed and transferred internally. The Property Deve...