Cash Dividend On The Way From MCAN Mortgage (MKP)

On 6/11/15, MCAN Mortgage Corp (TSX: MKP.TO) will trade ex-dividend, for its quarterly dividend of $0.28, payable on 6/30/15. As a percentage of MKP's recent stock price of $13.00, this dividend works out to approximately 2.15%, so look for shares of MCAN Mortgage Corp to trade 2.15% lower — all else being equal — when MKP shares open for trading on 6/11/15.

Below is a dividend history chart for MKP, showing historical dividends prior to the most recent $0.28 declared by MCAN Mortgage Corp:

MKP+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from MKP is likely to continue, and whether the current estimated yield of 8.62% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of MKP shares, versus its 200 day moving average:

MCAN Mortgage Corp 200 Day Moving Average Chart

Looking at the chart above, MKP's low point in its 52 week range is $12.61 per share, with $15.28 as the 52 week high point — that compares with a last trade of $13.00.

In Tuesday trading, MCAN Mortgage Corp shares are currently trading flat on the day.

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