MCAN Mortgage Co. (MKP) Announces Quarterly Dividend of $0.32

MCAN Mortgage Co. (TSE:MKP) announced a quarterly dividend on Monday, September 24th, Zacks reports. Stockholders of record on Friday, December 14th will be paid a dividend of 0.32 per share on Wednesday, January 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 8.77%. The ex-dividend date of this dividend is Thursday, December 13th.

Shares of TSE MKP opened at C$14.60 on Friday. The company has a quick ratio of 1.95, a current ratio of 1.98 and a debt-to-equity ratio of 308.69. MCAN Mortgage has a 1 year low of C$12.90 and a 1 year high of C$19.46.

MCAN Mortgage (TSE:MKP) last announced its quarterly earnings data on Thursday, November 8th. The company reported C$0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.40 by C$0.07. As a group, analysts forecast that MCAN Mortgage will post 1.48999995713699 earnings per share for the current fiscal year.

In other news, insider Ian Sutherland acquired 7,000 shares of the stock in a transaction that occurred on Monday, November 12th. The stock was purchased at an average cost of C$14.00 per share, with a total value of C$98,000.00. Over the last three months, insiders purchased 18,000 shares of company stock valued at $249,630.

Separately, National Bank Financial lowered their price objective on MCAN Mortgage from C$17.00 to C$12.00 and set an “underperform” rating for the company in a report on Tuesday, October 30th.

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MCAN Mortgage Company Profile

MCAN Mortgage Corporation operates as a mortgage investment corporation in Canada. It issues term deposits; and originates residential first-charge mortgage products. The company focuses on investing its funds in a portfolio of mortgages, including single family residential, residential construction, non-residential construction, and commercial loans, as well as other types of financial investments, loans, and real estate investments.

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Dividend History for MCAN Mortgage (TSE:MKP)

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