Morguard (TSE:MRC) Trading 1% Higher – Here’s What Happened

Morguard Co. (TSE:MRC) traded up 1% during trading on Friday . The stock traded as high as C$120.98 and last traded at C$120.31. 1,738 shares traded hands during mid-day trading, a decline of 25% from the average session volume of 2,304 shares. The stock had previously closed at C$119.07.

Morguard Trading Up 1.0 %

The company has a debt-to-equity ratio of 127.16, a quick ratio of 0.13 and a current ratio of 0.29. The stock has a market capitalization of C$1.30 billion, a PE ratio of 6.39 and a beta of 1.18. The stock has a 50-day moving average price of C$120.83 and a two-hundred day moving average price of C$115.59.

Morguard Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.80 annualized dividend and a yield of 0.66%. This is an increase from Morguard’s previous quarterly dividend of $0.15. Morguard’s dividend payout ratio is currently 3.19%.

Morguard Company Profile

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.