MCAN Mortgage (MKP) Sets New 12-Month Low at $15.10
MCAN Mortgage Co. (TSE:MKP)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$15.10 and last traded at C$15.24, with a volume of 43559 shares traded. The stock had previously closed at C$15.86.
MCAN Mortgage (TSE:MKP) last posted its earnings results on Thursday, August 9th. The company reported C$0.47 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.47. MCAN Mortgage had a return on equity of 14.76% and a net margin of 39.86%.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, December 14th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.28 annualized dividend and a dividend yield of 8.53%.
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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