MCAN Mortgage Co. (TSE:MKP) Director Loraine Mcintosh acquired 1,000 shares of the business’s stock in a transaction on Monday, November 12th. The stock was acquired at an average cost of C$13.93 per share, for a total transaction of C$13,930.00.

MKP opened at C$13.80 on Wednesday. MCAN Mortgage Co. has a 12-month low of C$12.90 and a 12-month high of C$19.46. The company has a debt-to-equity ratio of 319.11, a current ratio of 1.99 and a quick ratio of 1.96.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, December 14th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 9.28%. The ex-dividend date is Thursday, December 13th. MCAN Mortgage’s payout ratio is 81.63%.

Separately, National Bank Financial dropped their price target on MCAN Mortgage from C$17.00 to C$12.00 and set an “underperform” rating on the stock in a research report on Tuesday, October 30th.

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About MCAN Mortgage

MCAN Mortgage Corporation operates as a mortgage investment corporation in Canada. It issues term deposits; and originates residential first-charge mortgage products. The company focuses on investing its funds in a portfolio of mortgages, including single family residential, residential construction, non-residential construction, and commercial loans, as well as other types of financial investments, loans, and real estate investments.

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Insider Buying and Selling by Quarter for MCAN Mortgage (TSE:MKP)

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