Memorial Resource Development (MRD) Declares $0.12 Quarterly Dividend; 3.3% Yield
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Melcor Developments announces third quarter results, declares quarterly dividend of $0.12 per share
November 6, 2019 4:30 PM ESTEDMONTON, Alberta, Nov. 06, 2019 (GLOBE NEWSWIRE) -- Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for the third quarter and nine months ended September 30, 2019. Revenue was down 10% to $53.95 million compared to Q3-2018. Year to date revenue was $129.92 million, down 12% compared to the same period last year. Weaker residential markets in Alberta led to a 17% decrease in Community Development revenue over the same period last year. Investment Properties revenue grew by 21% over Q3-2018 as a result of increased occupancy, transfers from the Property Development... More
