Melcor Developments Ltd. operates as a real estate development company in the United States and Canada. The company operates through Community Development, Property Development, REIT, Investment Property, and Recreational Property segments. It develops, manages, and owns mixed-use residential communities, business and industrial parks, office buildings, retail centers, and golf courses. The company purchases and develops land to be sold as residential, industrial, and commercial lots; develops, constructs, and leases retail, office, and industrial properties; and owns and leases commercial, retail, and residential properties, as well as parking lots and land. It also owns and manages three 18-hole golf courses. Melcor Developments Ltd. was founded in 1923 and is headquartered in Edmonton, Canada.
Melcor Developments Dividend Announcement
• Melcor Developments announced a quarterly dividend of $0.08 per ordinary share which will be made payable on 2024-09-27. Ex dividend date: 2024-09-13
• Melcor Developments annual dividend for 2024 was $0.24
• Melcor Developments annual dividend for 2023 was $0.47
• Melcor Developments's trailing twelve-month (TTM) dividend yield is 4.73%
• Melcor Developments's payout ratio for the trailing twelve months (TTM) is 21.94%
Melcor Developments Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-13 | $0.08 | quarterly | 2024-09-27 |
2024-06-14 | $0.08 | quarterly | 2024-07-28 |
2024-03-21 | $0.08 | quarterly | |
2023-12-14 | $0.12 | quarterly | 2023-12-29 |
2023-09-14 | $0.12 | quarterly | 2023-09-29 |
2023-06-14 | $0.12 | quarterly | 2023-06-30 |
2023-03-23 | $0.12 | quarterly | 2023-03-31 |
2022-12-14 | $0.11 | quarterly | 2022-12-30 |
2022-09-14 | $0.11 | quarterly | 2022-09-30 |
2022-06-14 | $0.11 | quarterly | 2022-06-30 |
2022-03-24 | $0.11 | quarterly | 2022-03-31 |
2021-12-14 | $0.09 | quarterly | 2021-12-31 |
2021-09-14 | $0.09 | quarterly | 2021-09-30 |
2021-06-14 | $0.08 | quarterly | 2021-06-30 |
2021-03-24 | $0.08 | quarterly | 2021-03-31 |
Melcor Developments Dividend per year
Melcor Developments Dividend growth
Melcor Developments Dividend Yield
Melcor Developments current trailing twelve-month (TTM) dividend yield is 4.73%. Interested in purchasing Melcor Developments stock? Use our calculator to estimate your expected dividend yield:
Melcor Developments Financial Ratios
Melcor Developments Dividend FAQ
Other factors to consider when evaluating Melcor Developments as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Melcor Developments's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Melcor Developments publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Melcor Developments distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Melcor Developments are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Melcor Developments sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Melcor Developments distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Melcor Developments declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Melcor Developments's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Melcor Developments's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.