Morguard Co. (TSE:MRC - Get Free Report) shares rose 1% on Friday . The stock traded as high as C$120.98 and last traded at C$120.31. Approximately 1,738 shares were traded during mid-day trading, a decline of 25% from the average daily volume of 2,304 shares. The stock had previously closed at C$119.07.
Morguard Trading Up 1.0 %
The company has a market cap of C$1.30 billion, a price-to-earnings ratio of 6.39 and a beta of 1.18. The business's 50 day moving average price is C$120.83 and its 200-day moving average price is C$115.59. The company has a current ratio of 0.29, a quick ratio of 0.13 and a debt-to-equity ratio of 127.16.
Morguard Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.66%. This is an increase from Morguard's previous quarterly dividend of $0.15. Morguard's dividend payout ratio (DPR) is currently 3.19%.
About Morguard
(
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Morguard Corporation, a real estate investment and management company, engages in property ownership, development, and investment advisory services in Canada and the United States. It operates in four segments: Multi-Suite Residential, Retail, Office, and Hotel. The company offers real estate management and advisory services, including acquisitions, development, dispositions, leasing, performance measurement, and asset and property management; and investment products across equity, fixed income, and balanced portfolios to institutional clients and private investors.
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