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MCAN Mortgage (TSE:MKP) Reaches New 1-Year High at $18.08

MCAN Mortgage logo with Financial Services background

MCAN Mortgage Co. (TSE:MKP - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$18.08 and last traded at C$17.87, with a volume of 25646 shares. The stock had previously closed at C$17.93.

MCAN Mortgage Stock Down 0.5 %

The business has a 50-day moving average price of C$17.33 and a 200 day moving average price of C$16.43. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 373.58. The stock has a market capitalization of C$680.60 million, a P/E ratio of 8.15 and a beta of 0.85.

MCAN Mortgage (TSE:MKP - Get Free Report) last released its quarterly earnings data on Monday, August 12th. The company reported C$0.52 EPS for the quarter. MCAN Mortgage had a net margin of 61.99% and a return on equity of 14.76%. On average, equities analysts expect that MCAN Mortgage Co. will post 2.5108359 EPS for the current fiscal year.

MCAN Mortgage Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.56 annualized dividend and a yield of 8.74%. MCAN Mortgage's payout ratio is presently 70.91%.

MCAN Mortgage Company Profile

(Get Free Report)

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.

Further Reading

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