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

MCAN Mortgage Co. (TSE:MKP) declared a quarterly dividend on Monday, September 24th, Zacks reports. Stockholders of record on Friday, December 14th will be given 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 is Thursday, December 13th.

Shares of TSE MKP traded up C$0.33 during mid-day trading on Friday, reaching C$14.60. 34,800 shares of the company were exchanged, compared to its average volume of 19,895. The company has a debt-to-equity ratio of 308.69, a quick ratio of 1.95 and a current ratio of 1.98. 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 issued its quarterly earnings data on Thursday, November 8th. The company reported C$0.47 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.40 by C$0.07. On average, research analysts predict that MCAN Mortgage will post 1.48999995713699 EPS for the current year.

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

In other MCAN Mortgage news, insider Ian Sutherland purchased 7,000 shares of the firm’s stock in a transaction on Monday, November 12th. The stock was bought at an average cost of C$14.00 per share, for a total transaction of C$98,000.00. Over the last quarter, insiders acquired 18,000 shares of company stock valued at $249,630.

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About MCAN Mortgage

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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