MCAN Mortgage (TSE:MKP) Hits New 52-Week High Following Dividend Announcement

Shares of MCAN Mortgage Co. (TSE:MKP) reached a new 52-week high on Tuesday after the company announced a dividend. The company traded as high as C$17.17 and last traded at C$17.07, with a volume of 12249 shares trading hands. The stock had previously closed at C$17.01.

The newly announced dividend which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 8.99%. The ex-dividend date is Friday, September 13th. MCAN Mortgage’s dividend payout ratio (DPR) is 70.91%.

MCAN Mortgage Stock Performance

The business’s fifty day simple moving average is C$16.46 and its 200-day simple moving average is C$16.19. The company has a debt-to-equity ratio of 366.36, a quick ratio of 1.97 and a current ratio of 1.63. The firm has a market capitalization of C$657.42 million, a PE ratio of 7.90 and a beta of 0.83.

MCAN Mortgage Company Profile

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.