MCAN Mortgage Corporation operates as a loan and mortgage investment corporation in Canada. The company offers single-family residential mortgages, as well as residential construction, non-residential construction, and commercial loans, as well as engages in the real estate investments trusts and private investment activities. It also provides term deposits through a network of independent financial agents. The company was formerly known as MCAP Inc. and changed its name to MCAN Mortgage Corporation in September 2006. MCAN Mortgage Corporation was founded in 1980 and is headquartered in Toronto, Canada.
MCAN Mortgage Dividend Announcement
• MCAN Mortgage announced a quarterly dividend of C$0.39 per ordinary share which will be made payable on 2024-09-27. Ex dividend date: 2024-09-13
• MCAN Mortgage annual dividend for 2024 was C$1.17
• MCAN Mortgage annual dividend for 2023 was C$1.48
• MCAN Mortgage's trailing twelve-month (TTM) dividend yield is 10.72%
• MCAN Mortgage's payout ratio for the trailing twelve months (TTM) is 47.94%
• MCAN Mortgage's dividend growth over the last five years (2018-2023) was 0.69% year
• MCAN Mortgage's dividend growth over the last ten years (2013-2023) was 2.83% year
MCAN Mortgage Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-13 | C$0.39 | quarterly | 2024-09-27 |
2024-06-14 | C$0.39 | quarterly | 2024-06-28 |
2024-03-14 | C$0.39 | quarterly | 2024-03-28 |
2023-12-14 | C$0.38 | quarterly | 2024-01-02 |
2023-09-14 | C$0.38 | quarterly | 2023-09-29 |
2023-06-14 | C$0.36 | quarterly | 2023-06-30 |
2023-03-14 | C$0.36 | quarterly | 2023-03-31 |
2022-12-14 | C$0.36 | quarterly | 2023-01-03 |
2022-09-14 | C$0.36 | quarterly | 2022-09-29 |
2022-06-14 | C$0.36 | quarterly | 2022-06-30 |
2022-03-14 | C$0.37 | quarterly | 2022-03-31 |
2021-12-14 | C$0.34 | quarterly | 2022-01-04 |
2021-09-14 | C$0.34 | quarterly | 2021-09-29 |
2021-06-14 | C$0.34 | quarterly | 2021-06-30 |
2021-03-12 | C$1.19 | quarterly | 2021-03-31 |
2020-12-14 | C$0.34 | quarterly | 2021-01-04 |
2020-09-14 | C$0.34 | quarterly | 2020-09-30 |
2020-06-12 | C$0.34 | quarterly | 2020-06-30 |
2020-03-12 | C$0.34 | quarterly | 2020-03-30 |
2019-12-12 | C$0.32 | quarterly | 2020-01-02 |
2019-09-12 | C$0.32 | quarterly | 2019-09-30 |
2019-06-13 | C$0.32 | quarterly | 2019-06-28 |
2019-03-14 | C$0.32 | quarterly | 2019-03-29 |
2018-12-13 | C$0.32 | quarterly | 2019-01-02 |
2018-09-13 | C$0.37 | quarterly | 2018-09-28 |
2018-06-14 | C$0.37 | quarterly | 2018-06-29 |
2018-03-14 | C$0.37 | quarterly | 2018-03-29 |
2017-12-14 | C$0.37 | quarterly | 2018-01-02 |
2017-09-14 | C$0.32 | quarterly | 2017-09-29 |
2017-06-13 | C$0.32 | quarterly | 2017-06-30 |
2017-03-13 | C$0.30 | quarterly | 2017-03-30 |
2016-12-13 | C$0.30 | quarterly | 2017-01-03 |
2016-09-13 | C$0.29 | quarterly | 2016-09-30 |
2016-06-13 | C$0.29 | quarterly | 2016-06-30 |
2016-03-11 | C$0.29 | quarterly | 2016-03-31 |
2015-12-11 | C$0.29 | quarterly | 2016-01-04 |
2015-09-11 | C$0.28 | quarterly | 2015-09-30 |
2015-06-11 | C$0.28 | quarterly | 2015-06-30 |
2015-03-12 | C$0.28 | quarterly | 2015-03-31 |
2014-12-11 | C$0.28 | quarterly | 2015-01-02 |
2014-09-12 | C$0.28 | quarterly | 2014-09-30 |
2014-06-12 | C$0.28 | quarterly | 2014-06-30 |
2014-03-13 | C$0.28 | quarterly | 2014-03-31 |
2013-12-12 | C$0.28 | quarterly | 2014-01-02 |
2013-09-12 | C$0.28 | quarterly | 2013-09-30 |
2013-06-12 | C$0.28 | quarterly | 2013-06-28 |
2013-03-13 | C$0.28 | quarterly | 2013-03-28 |
MCAN Mortgage Dividend per year
MCAN Mortgage Dividend growth
MCAN Mortgage Dividend Yield
MCAN Mortgage current trailing twelve-month (TTM) dividend yield is 10.72%. Interested in purchasing MCAN Mortgage stock? Use our calculator to estimate your expected dividend yield:
MCAN Mortgage Financial Ratios
MCAN Mortgage Dividend FAQ
Other factors to consider when evaluating MCAN Mortgage as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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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.
1. Determination of Dividend: MCAN Mortgage's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, MCAN Mortgage publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, MCAN Mortgage distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from MCAN Mortgage are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: MCAN Mortgage sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, MCAN Mortgage distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: MCAN Mortgage declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of MCAN Mortgage's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review MCAN Mortgage's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.