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Melcor Developments Q2 Earnings Rise as Revenue Falls; Declares C$0.15 Dividend

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Melcor Developments (MRD.TO) reported second quarter net income per share of C$0.73 compared with C$0.24, a year earlier.

Revenue decreased to C$62.0 million in the three months ended June 30, 2026, compared with C$100.1 million, a year-ago.

Its board also declared a quarterly dividend of C$0.15 per share, unchanged from the prior month. This dividend is payable on Sept. 29, to shareholders of record on Sept. 15.

Shares of the company closed up 0.3% to C$18.45 on Thursday on the Toronto Stock Exchange.

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