MCAN Mortgage Co. (MKP) To Go Ex-Dividend on December 13th

MCAN Mortgage Co. (TSE:MKP) declared a quarterly dividend on Monday, November 11th,Zacks Dividends reports. Shareholders of record on Friday, December 13th will be given a dividend of 0.39 per share on Thursday, January 2nd. This represents a $1.56 dividend on an annualized basis and a yield of 8.00%. The ex-dividend date is Friday, December 13th.

MCAN Mortgage Stock Performance

Shares of TSE MKP traded down C$0.15 during midday trading on Wednesday, reaching C$19.50. 74,602 shares of the company were exchanged, compared to its average volume of 38,063. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 373.58. MCAN Mortgage has a 1 year low of C$15.15 and a 1 year high of C$19.75. The stock has a fifty day simple moving average of C$18.17 and a 200 day simple moving average of C$17.04. The stock has a market cap of C$743.93 million, a P/E ratio of 8.85 and a beta of 0.85.

MCAN Mortgage (TSE:MKP) last released its quarterly earnings results on Monday, August 12th. The company reported C$0.52 earnings per share (EPS) for the quarter. MCAN Mortgage had a return on equity of 14.76% and a net margin of 61.99%. On average, research analysts forecast that MCAN Mortgage will post 2.5108359 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Canaccord Genuity Group set a C$19.00 price objective on shares of MCAN Mortgage and gave the company a “buy” rating in a research report on Tuesday, October 15th.

About MCAN Mortgage

MCAN Mortgage Corporation operates as a loan and mortgage investment corporation in Canada. The company engages in the real estate lending and investing activities, including residential mortgage, residential construction, non-residential construction, and commercial loans, as well as portfolio of real estate investments trusts and private investment activities.