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

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MCAN Mortgage Co. (TSE:MKP) announced a quarterly dividend on Wednesday, August 7th, Zacks reports. Shareholders of record on Friday, September 13th will be given a dividend of 0.32 per share on Monday, September 30th. This represents a $1.28 annualized dividend and a yield of 8.06%. The ex-dividend date is Thursday, September 12th.

TSE:MKP traded down C$0.07 during trading hours on Friday, hitting C$15.89. 8,202 shares of the company were exchanged, compared to its average volume of 16,539. The stock has a market cap of $383.68 million and a PE ratio of 9.43. MCAN Mortgage has a 52-week low of C$12.21 and a 52-week high of C$19.46. The company has a debt-to-equity ratio of 282.88, a current ratio of 1.57 and a quick ratio of 1.54. The company’s 50 day moving average is C$15.92.

MCAN Mortgage (TSE:MKP) last released its earnings results on Tuesday, May 7th. The company reported C$0.60 earnings per share for the quarter, topping the consensus estimate of C$0.50 by C$0.10. As a group, equities research analysts predict that MCAN Mortgage will post 1.38 EPS for the current year.

Separately, National Bank Financial upped their price objective on shares of MCAN Mortgage from C$13.00 to C$14.00 and gave the company an “underperform” rating in a report on Wednesday, July 31st.

About MCAN Mortgage

MCAN Mortgage Corporation operates as a mortgage investment corporation in Canada. The company offers single-family residential mortgages, as well as residential construction, non-residential construction, and commercial loans, as well as real estate and securitization investments. It also provides term deposits through a network of independent financial agents.

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Dividend History for MCAN Mortgage (TSE:MKP)

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