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flag Melcor Developments Ltd. announces $0.11 quarterly dividend, boosting annual yield to 3.65%.

flag Melcor Developments Ltd., a real estate company operating in the U.S. and Canada, announced a quarterly dividend of $0.11 per share, payable on March 28th to shareholders of record on the same day. flag This dividend equates to an annualized yield of 3.65%. flag The company, which develops residential communities, business parks, office buildings, and golf courses, has a market cap of C$365.64 million.

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