Mainstreet Equity Corp. engages in the acquisition, divestiture, value-enhancement, and management of multi-family residential properties in Western Canada. The company owns a portfolio of multi-family residential properties in Vancouver and the Lower Mainland, Calgary and Southern Alberta, Edmonton, Saskatoon, and Regina. As of September 30, 2021, it had a total portfolio of 15,071 revenue producing units consisting of townhouses, garden-style apartments, and concrete mid-rise and high-rise apartments, condo suites and 2 freestanding commercial houses. The company was founded in 1997 and is headquartered in Calgary, Canada.
Mainstreet Equity Dividend Announcement
• Mainstreet Equity announced a quarterly dividend of C$0.03 per ordinary share which will be made payable on 2024-10-31. Ex dividend date: 2024-10-17
• Mainstreet Equity annual dividend for 2024 was C$0.11
• Mainstreet Equity's trailing twelve-month (TTM) dividend yield is 0.07%
• Mainstreet Equity's payout ratio for the trailing twelve months (TTM) is 0.41%
Mainstreet Equity Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-17 | C$0.03 | quarterly | 2024-10-31 |
2024-07-17 | C$0.03 | quarterly | 2024-07-31 |
2024-04-15 | C$0.03 | quarterly | |
2024-01-15 | C$0.03 | quarterly | 2024-01-31 |
Mainstreet Equity Dividend per year
Mainstreet Equity Dividend Yield
Mainstreet Equity current trailing twelve-month (TTM) dividend yield is 0.07%. Interested in purchasing Mainstreet Equity stock? Use our calculator to estimate your expected dividend yield:
Mainstreet Equity Financial Ratios
Mainstreet Equity Dividend FAQ
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
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