MCAN Mortgage Co. (TSE:MKP) Director Derek Sutherland sold 1,733 shares of the stock in a transaction dated Friday, November 19th. The shares were sold at an average price of C$18.66, for a total value of C$32,337.78. Following the completion of the transaction, the director now directly owns 437,681 shares in the company, valued at approximately C$8,167,127.46.
Derek Sutherland also recently made the following trade(s):
- On Friday, November 12th, Derek Sutherland sold 4,000 shares of MCAN Mortgage stock. The shares were sold at an average price of C$18.94, for a total value of C$75,760.00.
- On Wednesday, November 10th, Derek Sutherland sold 1,253 shares of MCAN Mortgage stock. The stock was sold at an average price of C$18.97, for a total value of C$23,769.41.
Shares of MKP opened at C$17.73 on Thursday. The company has a quick ratio of 1.96, a current ratio of 1.99 and a debt-to-equity ratio of 403.80. The business has a 50-day simple moving average of C$18.45 and a two-hundred day simple moving average of C$17.89. The stock has a market cap of C$490.16 million and a price-to-earnings ratio of 6.53. MCAN Mortgage Co. has a 52 week low of C$15.13 and a 52 week high of C$19.31.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 4th. Investors of record on Wednesday, December 15th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 7.67%. The ex-dividend date of this dividend is Tuesday, December 14th. MCAN Mortgage’s dividend payout ratio is currently 49.92%.
MCAN Mortgage Company Profile
MCAN Mortgage Corporation operates as a 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 real estate and securitization investments. It also provides term deposits through a network of independent financial agents.
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