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

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

MCAN Mortgage Trading Down 0.5 %

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

MCAN Mortgage (TSE:MKP) last issued its earnings results 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%. Research analysts forecast that MCAN Mortgage Co. will post 2.5108359 earnings per share for the current year.

MCAN Mortgage Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 8.74%. The ex-dividend date is Friday, September 13th. MCAN Mortgage’s dividend payout ratio is 70.91%.

About MCAN Mortgage

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.