Highlights

• MCAN Financial Group declared a regular fourth-quarter Dividend of C$0.43 per share, payable on 4 January 2027.

• Regular dividends with ex-dates over the past twelve months total C$1.70, a 7.83% trailing Yield on the close.

• Third-quarter Net Income slipped 6% to C$19.2 million, while net interest income climbed 12% year on year.

• The impaired non-securitized Mortgage ratio rose to 2.31%, up from 1.69% at the end of December 2025.

Picture a lender whose money sits inside foundations, framing and finished homes right across Canada: insured and uninsured residential mortgages, construction loans and commercial financing, all held under one roof. That is MCAN Mortgage Corporation, operating as MCAN Financial Group (TSX:MKP), and its shareholders have just learned that the next cheque will match the last one.

Alongside third-quarter numbers released on 29 October 2026, the board declared a regular fourth-quarter dividend of C$0.43 per share, payable on 4 January 2027 to holders of record on 15 December 2026. No Special Dividend accompanied the announcement.

How the yield is worked out

Shares closed at C$21.70 on 10 November 2026. Four regular dividends went ex within the twelve months to that date: C$0.41 in December 2025, then C$0.43 in each of March, June and September 2026. That trailing total of C$1.70 equals a yield of 7.83% on the close.

Annualising the current C$0.43 quarterly rate gives C$1.72, an indicated yield of 7.93% on the same price. The gap between the two measures comes from the 5% increase announced with annual results in February 2026, which lifted the quarterly payment from C$0.41.

A quarter of mixed signals

Net income for the three months to 30 September fell 6% to C$19.2 million, and Earnings Per Share eased to C$0.47 from C$0.52. Return on Equity for the quarter was 11.56%. Net interest income, the spread earned on lending, rose 12% to C$26.7 million.

The nine-month picture is firmer. Year-to-date net income climbed 16% to C$66.2 million, earnings per share reached C$1.62 and return on equity stood at 13.44%. Book Value per share was C$16.39 at quarter end, with a CET1 ratio of 18.31%. The release does not quote a dividend payout ratio.

Portfolio growth and Credit watch

Residential mortgage Assets reached C$5.1 billion, up 11% since January, split between C$3.7 billion insured and C$1.4 billion uninsured. Construction and commercial lending grew 9% to C$1.3 billion, and total assets under management rose 21% to C$9.4 billion. In October the company launched a new uninsured residential mortgage securitization programme with a major Canadian bank.

Credit quality deserves attention. The impaired non-securitized mortgage ratio stood at 2.31%, against 1.69% at 31 December 2025, and provisions for credit losses totalled C$5.7 million over nine months. Income from the company's MCAP Investment rose 8% to C$27.6 million over the same period.

Reinvestment and index standing

A Dividend reinvestment plan issues new shares from treasury at a 2% discount to the five-day weighted average trading price, which adds to the share count over time. Every quarterly payment still needs a fresh board declaration. Dividends declared for the third quarter were 5% higher than a year earlier. Holdings of an index fund, dated 25 September 2026, show MCAN within the S&P/TSX SmallCap Index.