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Last C$13.05 CAD
Change Today -0.03 / -0.23%
Volume 6.4K
MKP On Other Exchanges
Symbol
Exchange
Toronto
OTC US
As of 4:10 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

mcan mortgage corp (MKP) Snapshot

Open
C$13.05
Previous Close
C$13.08
Day High
C$13.05
Day Low
C$13.01
52 Week High
09/4/14 - C$15.29
52 Week Low
04/23/15 - C$12.88
Market Cap
275.2M
Average Volume 10 Days
19.1K
EPS TTM
C$1.08
Shares Outstanding
21.1M
EX-Date
06/11/15
P/E TM
12.1x
Dividend
C$1.12
Dividend Yield
8.58%
Current Stock Chart for MCAN MORTGAGE CORP (MKP)

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mcan mortgage corp (MKP) Details

MCAN Mortgage Corporation operates as a mortgage investment corporation in Canada. The company invests 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 loans and investments, real estate, and securitization investments. The company was formerly known as MCAP Inc. and changed its name to MCAN Mortgage Corporation in September 2006. MCAN Mortgage Corporation was founded in 1991 and is headquartered in Toronto, Canada.

58 Employees
Last Reported Date: 05/6/15
Founded in 1991

mcan mortgage corp (MKP) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$345.8K
Chief Financial Officer and Vice President
Total Annual Compensation: C$246.7K
Vice President of Operations
Total Annual Compensation: C$153.1K
Chief Investment Officer and Vice President
Total Annual Compensation: C$238.3K
Chief Risk Officer and Vice President
Total Annual Compensation: C$188.3K
Compensation as of Fiscal Year 2014.

mcan mortgage corp (MKP) Key Developments

MCAN Mortgage Corp. Declares Quarterly Dividend, Payable on June 30, 2015; Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

The Board of Directors of MCAN Mortgage Corp. declared a second quarter regular dividend of $0.28 per share to be paid June 30, 2015 to shareholders of record as of June 15, 2015. The company reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. The company reported that net income for the first quarter of 2015 was $4.3 million, compared to $7.4 million in 2014. Earnings per share were $0.21, down from $0.36 in the prior year. Return on average shareholders' equity was 7.49% for the quarter, down from 13.52% in the prior year. The decrease in net income from the first quarter of 2014 was primarily due to certain items not related to net interest income. Net investment income from corporate assets was $7.4 million in the current quarter, down from $10.3 million in the prior year. Net investment income from securitization assets was $694,000 in the current quarter compared to a loss of $277,000 in the prior year. Net income before income taxes was $4,521,000 compared to $7,361,000 for the same period a year ago. Cash flows from operating activities were $43,787,000 compared to cash flows for operating activities of $175,803,000 for the same period a year ago.

MCAN Mortgage Corp. Proposes Amendments to By-Law No. Seven

MCAN Mortgage Corp. proposed amendment to section 3.17 of By-Law No. seven to increase the maximum aggregate remuneration that may be paid to the directors of the corporation in any given year for their services from $600,000 to $800,000, including the adoption of advance notice provisions for the purpose of providing shareholders, directors and management of the corporation with a clear framework for nominating directors of the corporation in connection with any annual or special meeting of shareholders where directors are to be elected. There proposals are to be made at the annual and special meeting of shareholders to be held on May 6, 2015.

MCAN Mortgage Corp. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

MCAN Mortgage Corp. reported consolidated earnings results for the fourth quarter and full year ended December 31, 2014. Net income for the fourth quarter of 2014 was $7.1 million, compared to $13.0 million (on a restated basis for change in income tax accounting noted below) in 2013. Earnings per share were $0.34, down from $0.65 (restated) in the prior year. Return on average shareholders' equity was 12.76% for the quarter, down from 24.74% (restated) in the fourth quarter of 2013. The decrease in net income from the fourth quarter of 2013 was primarily due to a $4.5 million gain recorded on the dilution of equity investment in MCAP Commercial LP in 2013. Net income for the year ended December 31, 2014 was $25.4 million, down from $30.8 million in the prior year. Earnings per share decreased from $1.57 to $1.23, while return on average shareholders' equity decreased from 15.84% to 11.50%. Cash flows used in operating activities was $443,491,000 against $654,113,000 for the same period a year ago.

 

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MKP

Industry Average

Valuation MKP Industry Range
Price/Earnings 12.5x
Price/Sales 6.9x
Price/Book 1.2x
Price/Cash Flow 12.7x
TEV/Sales NM Not Meaningful
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