Highlights

• Builders Capital declared C$0.20 per Class A share on 22 September, paid on 30 October 2026.

• Four Class A payments over twelve months total C$0.80, an 8.12% trailing Yield on the latest trade.

• The C$0.40 figure attributed to the second quarter relates to Class B shares, not Class A.

• The company switched to semi-annual reporting in May 2026, so no standalone third-quarter results were published.

Before a new house in Alberta gets its roof, somebody has to pay for the concrete, lumber and labour that go into it. Builders Capital Mortgage Corp. (TSXV:BCF) is that kind of lender, offering tailored short-term construction financing to residential builders in Western Canada, and its Class A non-voting shares carry a quarterly distribution.

The latest declaration, dated 22 September 2026, was C$0.20 per Class A share, paid on 30 October to holders of record on 30 September. The company described the annualised C$0.80 as in line with its target payout.

Clearing up the C$0.40 figure

One published summary attributed a C$0.40 payment to the second quarter of 2026. The company's own release of 13 July 2026 declared C$0.20 per Class A share, with a 30 June Record Date and payment on 31 July.

The only C$0.40 amount among the company's 2026 announcements concerns its Class B non-voting shares, a separate class, which received C$0.40 per share in January 2026. Class A holders received C$0.20 for the June quarter, the same as in every other quarter of the period. Dividend records show that rate has applied each quarter since mid-2023.

Class A distributions go to holders of record at each quarter end and are paid roughly a month later.

Yield on the latest trade

The shares trade infrequently, and no close on 10 November 2026 could be confirmed. The most recent trade was at C$9.85 on 9 November. Four C$0.20 Class A payments, with record dates at the end of December 2025, March, June and September 2026, add up to C$0.80, for a trailing yield of 8.12% on that price.

The indicated yield, based on the current quarterly rate, is identical. That calculation counts Class A payments only, since Class B distributions belong to a different share class. The distribution announcements reviewed do not quote a payout ratio.

An Alberta-focused lending book

Company announcements over the past year have stressed a regional strategy centred on Alberta and a cautious approach amid market uncertainty. A participating bond offering has helped fund growth in the mortgage portfolio, according to the company.

Reporting and legal developments

On 26 May 2026 the company adopted semi-annual reporting, which explains the absence of separate third-quarter figures. Its 2025 results, released in June, showed record Revenue of C$7.6 million.

On 18 August the company announced it had received a statement of claim and intended to defend itself vigorously. A notice of discontinuance of that action followed on 28 September, roughly six weeks later. Separately, a participating bond offering reached its third closing in February 2026.