MCAN Mortgage (TSE:MKP) Reaches New 12-Month High at $17.81

MCAN Mortgage Co. (TSE:MKP)’s share price hit a new 52-week high on Monday . The company traded as high as C$17.81 and last traded at C$17.81, with a volume of 17863 shares. The stock had previously closed at C$17.55.

MCAN Mortgage Price Performance

The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 373.58. The business has a 50-day moving average price of C$17.00 and a two-hundred day moving average price of C$16.34. The firm has a market capitalization of C$682.12 million, a price-to-earnings ratio of 8.13 and a beta of 0.85.

MCAN Mortgage (TSE:MKP) last issued its quarterly earnings data 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%. As a group, research analysts forecast that MCAN Mortgage Co. will post 2.5108359 EPS for the current year.

MCAN Mortgage Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 8.72%. The ex-dividend date of this dividend is Friday, September 13th. MCAN Mortgage’s dividend payout ratio (DPR) is 70.91%.

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.