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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 0.05%
• Mainstreet Equity's payout ratio for the trailing twelve months (TTM) is 0.41%

Mainstreet Equity Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-10-17C$0.03quarterly2024-10-31
2024-07-17C$0.03quarterly2024-07-31
2024-04-15C$0.03quarterly2024-04-30
2024-01-15C$0.03quarterly2024-01-31

Mainstreet Equity Dividend per year

Mainstreet Equity Dividend Yield

Mainstreet Equity current trailing twelve-month (TTM) dividend yield is 0.05%. Interested in purchasing Mainstreet Equity stock? Use our calculator to estimate your expected dividend yield:

Mainstreet Equity Financial Ratios

P/E ratio14.94
PEG ratio-1.54
P/B ratio1.34
ROE9.10%
Payout ratio0.41%
Current ratio0.40
Quick ratio0.34
Cash Ratio0.06

Mainstreet Equity Dividend FAQ

Does Mainstreet Equity stock pay dividends?
Mainstreet Equity does not currently pay dividends to its shareholders.
Has Mainstreet Equity ever paid a dividend?
No, Mainstreet Equity has no a history of paying dividends to its shareholders. Mainstreet Equity is not known for its dividend payments.
Why doesn't Mainstreet Equity pay dividends?
There are several potential reasons why Mainstreet Equity would choose not to pay dividends to their shareholders:

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.
Will Mainstreet Equity ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Mainstreet Equity has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Mainstreet Equity a dividend aristocrat?
Mainstreet Equity is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Mainstreet Equity a dividend king?
Mainstreet Equity is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Mainstreet Equity a dividend stock?
No, Mainstreet Equity is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Mainstreet Equity stocks?
To buy Mainstreet Equity you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Mainstreet Equity stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.