MCAN Mortgage Corporation, which reports as MCAN Financial Group and trades on the Toronto Stock Exchange as TSX:MKP, pays a regular quarterly Cash Dividend in Canadian dollars.

Price and Yield at the latest close

Over the lookback of ex-dividend dates from 31 October 2025 to 30 October 2026, regular dividends totalled C$1.70 per share: C$0.41 with an ex-date of 15 December 2025, then C$0.43 on each of 13 March, 15 June and 15 September 2026. Against C$22.06 that is a trailing regular yield of 7.71 per cent. No Special Dividend was found in the window.

Annualising the current C$0.43 quarterly rate gives C$1.72 a year, an indicated yield of 7.80 per cent at C$22.06. That is a run-rate calculation, not a promise.

Earnings behind the dividend

In its second-quarter release, issued on 30 July 2026, MCAN reported Net Income of C$24.0 million, up 19 per cent, and Earnings of C$0.59 per share against C$0.51 a year earlier. Net interest income was C$24.6 million, Assets under management reached C$8.5 billion, Book Value per share was C$16.31 and the CET1 ratio stood at 19.30 per cent.

Earnings for the six months were C$1.16 per share, compared with C$0.86 of dividends declared over the same two quarters. On those figures the payout was roughly three-quarters of earnings.

Credit quality and other risks

The same release showed the impaired non-securitised mortgage ratio rising to 2.40 per cent at 30 June 2026 from 1.69 per cent at 31 December 2025. The provision for Credit losses for the half-year was C$3.3 million, lower than C$5.3 million a year earlier, but a rising impaired ratio deserves attention.

The company also noted that a substantial Shareholder had offered unitholders who are redeeming their investments the option of receiving MCAN common shares instead of cash. How many will accept, and whether they would hold or sell, is uncertain, so any effect on trading is unknown. The Dividend reinvestment plan issues shares from treasury at a 2 per cent discount to the recent weighted average price, which can dilute existing holders.

What to watch

Dividends are paid in Canadian dollars, so there is no foreign exchange effect.