MCAN Mortgage (TSE:MKP) Reaches New 12-Month High at $17.46

MCAN Mortgage Co. (TSE:MKP)’s stock price reached a new 52-week high on Monday . The company traded as high as C$17.46 and last traded at C$17.45, with a volume of 22399 shares traded. The stock had previously closed at C$17.47.

MCAN Mortgage Stock Performance

The stock has a market capitalization of C$663.81 million, a price-to-earnings ratio of 7.89 and a beta of 0.83. The stock’s 50 day moving average is C$16.50 and its 200 day moving average is C$16.20. The company has a current ratio of 2.05, a quick ratio of 1.97 and a debt-to-equity ratio of 373.58.

MCAN Mortgage Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.39 per share. The ex-dividend date is Friday, September 13th. This represents a $1.56 annualized dividend and a dividend yield of 8.97%. MCAN Mortgage’s payout ratio is currently 70.91%.

MCAN Mortgage Company Profile

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.