MCAN Mortgage Co. (MKP) Declares Quarterly Dividend of $0.32
MCAN Mortgage Co. (TSE:MKP) announced a quarterly dividend on Tuesday, August 15th, Zacks reports. Shareholders of record on Friday, September 15th will be paid a dividend of 0.32 per share on Friday, September 29th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 8.59%. The ex-dividend date of this dividend is Thursday, September 14th. This is a positive change from MCAN Mortgage’s previous quarterly dividend of $0.28.
Shares of MCAN Mortgage (MKP) traded down 0.74% during midday trading on Wednesday, hitting $14.79. 10,756 shares of the company’s stock were exchanged. MCAN Mortgage has a one year low of $13.10 and a one year high of $15.35. The firm has a market cap of $343.47 million and a PE ratio of 7.99. The stock’s 50-day moving average price is $15.01 and its 200 day moving average price is $14.77.
In other MCAN Mortgage news, insider Ian Sutherland bought 4,100 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was purchased at an average price of C$13.99 per share, with a total value of C$57,359.00. In the last three months, insiders have purchased 6,000 shares of company stock valued at $83,941.
MCAN Mortgage Company Profile
MCAN Mortgage Corporation (MCAN) is a Canada-based loan company and mortgage investment corporation. The Company’s primary objective is to generate income by investing its corporate 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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