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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 8.58%
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 dateDividend amountDividend typePay date
2024-09-13C$0.39quarterly2024-09-27
2024-06-14C$0.39quarterly2024-06-28
2024-03-14C$0.39quarterly2024-03-28
2023-12-14C$0.38quarterly2024-01-02
2023-09-14C$0.38quarterly2023-09-29
2023-06-14C$0.36quarterly2023-06-30
2023-03-14C$0.36quarterly2023-03-31
2022-12-14C$0.36quarterly2023-01-03
2022-09-14C$0.36quarterly2022-09-29
2022-06-14C$0.36quarterly2022-06-30
2022-03-14C$0.37quarterly2022-03-31
2021-12-14C$0.34quarterly2022-01-04
2021-09-14C$0.34quarterly2021-09-29
2021-06-14C$0.34quarterly2021-06-30
2021-03-12C$1.19quarterly2021-03-31
2020-12-14C$0.34quarterly2021-01-04
2020-09-14C$0.34quarterly2020-09-30
2020-06-12C$0.34quarterly2020-06-30
2020-03-12C$0.34quarterly2020-03-30
2019-12-12C$0.32quarterly2020-01-02
2019-09-12C$0.32quarterly2019-09-30
2019-06-13C$0.32quarterly2019-06-28
2019-03-14C$0.32quarterly2019-03-29
2018-12-13C$0.32quarterly2019-01-02
2018-09-13C$0.37quarterly2018-09-28
2018-06-14C$0.37quarterly2018-06-29
2018-03-14C$0.37quarterly2018-03-29
2017-12-14C$0.37quarterly2018-01-02
2017-09-14C$0.32quarterly2017-09-29
2017-06-13C$0.32quarterly2017-06-30
2017-03-13C$0.30quarterly2017-03-30
2016-12-13C$0.30quarterly2017-01-03
2016-09-13C$0.29quarterly2016-09-30
2016-06-13C$0.29quarterly2016-06-30
2016-03-11C$0.29quarterly2016-03-31
2015-12-11C$0.29quarterly2016-01-04
2015-09-11C$0.28quarterly2015-09-30
2015-06-11C$0.28quarterly2015-06-30
2015-03-12C$0.28quarterly2015-03-31
2014-12-11C$0.28quarterly2015-01-02
2014-09-12C$0.28quarterly2014-09-30
2014-06-12C$0.28quarterly2014-06-30
2014-03-13C$0.28quarterly2014-03-31
2013-12-12C$0.28quarterly2014-01-02
2013-09-12C$0.28quarterly2013-09-30
2013-06-12C$0.28quarterly2013-06-28
2013-03-13C$0.28quarterly2013-03-28

MCAN Mortgage Dividend per year

MCAN Mortgage Dividend growth

MCAN Mortgage Dividend Yield

MCAN Mortgage current trailing twelve-month (TTM) dividend yield is 8.58%. Interested in purchasing MCAN Mortgage stock? Use our calculator to estimate your expected dividend yield:

MCAN Mortgage Financial Ratios

P/E ratio8.43
PEG ratio0.46
P/B ratio1.17
ROE14.64%
Payout ratio47.94%
Current ratio0.00
Quick ratio0.00
Cash Ratio6.73

MCAN Mortgage Dividend FAQ

How much is the next MCAN Mortgage dividend?
MCAN Mortgage's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next MCAN Mortgage dividend. The next MCAN Mortgage dividend will be released in March, June, September, or December.
When is MCAN Mortgage dividend paid?
MCAN Mortgage pays dividends on a quarterly basis. The specific dates may vary each year but are generally around March, June, September, and December. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does MCAN Mortgage pay?
The specific amount of MCAN Mortgage dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find MCAN Mortgage's dividend history.
Does MCAN Mortgage stock pay dividends?
Yes, MCAN Mortgage does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find MCAN Mortgage's dividend history.
How much dividend does MCAN Mortgage pay?
MCAN Mortgage paid C$1.17 in 2024, C$1.48 in 2023, C$1.455 in 2022, C$2.21 in 2021, and C$1.36 in 2020.
How often does MCAN Mortgage pay dividends?
MCAN Mortgage typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around March, June, September, and December.
What is MCAN Mortgage's dividend yield?
The current dividend yield for MCAN Mortgage is 8.58%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate MCAN Mortgage's exact dividend yield.
When does MCAN Mortgage go ex dividend?
MCAN Mortgage's ex-dividend date for the latest dividend was on 2024-09-13. MCAN Mortgage typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next MCAN Mortgage dividend paid?
MCAN Mortgage pays dividends on a quarterly basis, typically around March, June, September, or December, but the exact dates can vary each year.
Will MCAN Mortgage increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether MCAN Mortgage will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is MCAN Mortgage dividend per share?
MCAN Mortgage paid C$1.17 per share in 2024 and C$1.48 per share in 2023. The amount of dividend per share that MCAN Mortgage pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is MCAN Mortgage a dividend aristocrat?
No, 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 MCAN Mortgage a dividend king?
No, 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 MCAN Mortgage a dividend stock?
Yes, MCAN Mortgage is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is MCAN Mortgage a good dividend stock?
Whether MCAN Mortgage is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. MCAN Mortgage has a history of paying regular dividends, which can make it attractive to income-focused investors.

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.
Does MCAN Mortgage pay dividends monthly?
MCAN Mortgage typically pays dividends on a quarterly basis.
Does MCAN Mortgage pay dividends quarterly?
MCAN Mortgage currently pays dividends on a quarterly basis.
Has MCAN Mortgage ever paid a dividend?
Yes, MCAN Mortgage has a history of paying dividends to its shareholders. MCAN Mortgage is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy MCAN Mortgage dividend stocks?
To buy MCAN Mortgage 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, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy MCAN Mortgage 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.
When does MCAN Mortgage pay dividends 2024?
MCAN Mortgage pays dividends on a quarterly basis. 2024 dividend payments are in 2024-09-27. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will MCAN Mortgage increase its dividend in 2024?
Decisions regarding MCAN Mortgage dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date MCAN Mortgage dividend overview you can look into the above table of dividend history.
How MCAN Mortgage dividend works?
The MCAN Mortgage dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how MCAN Mortgage's dividend process works:

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.
How are MCAN Mortgage dividends paid?
MCAN Mortgage dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

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.
How many times does MCAN Mortgage pay dividends?
MCAN Mortgage typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does MCAN Mortgage pay dividends?
The general pattern is that MCAN Mortgage pays dividends around March, June, September, and December. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is MCAN Mortgage dividend safe?
The safety of MCAN Mortgage's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

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.