Last C$13.75 CAD
Change Today +0.01 / 0.07%
Volume 13.5K
MKP On Other Exchanges
Symbol
Exchange
Toronto
OTC US
As of 3:40 PM 02/26/15 All times are local (Market data is delayed by at least 15 minutes).

mcan mortgage corp (MKP) Snapshot

Open
C$13.87
Previous Close
C$13.74
Day High
C$13.87
Day Low
C$13.71
52 Week High
09/4/14 - C$15.29
52 Week Low
03/20/14 - C$12.89
Market Cap
286.1M
Average Volume 10 Days
18.0K
EPS TTM
C$1.23
Shares Outstanding
20.8M
EX-Date
03/12/15
P/E TM
11.2x
Dividend
C$1.12
Dividend Yield
8.15%
Current Stock Chart for MCAN MORTGAGE CORP (MKP)

Related News

No related news articles were found.

mcan mortgage corp (MKP) Related Businessweek News

No Related Businessweek News Found

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, securitization investments, and marketable securities in the form of corporate bonds, real estate investment trusts, and exchange-traded funds. 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.

Founded in 1991

mcan mortgage corp (MKP) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$323.4K
Chief Financial Officer and Vice President
Total Annual Compensation: C$111.6K
Vice President of Operations
Total Annual Compensation: C$150.0K
Chief Investment Officer and Vice President
Total Annual Compensation: C$227.0K
Chief Risk Officer and Vice President
Total Annual Compensation: C$175.0K
Compensation as of Fiscal Year 2013.

mcan mortgage corp (MKP) Key Developments

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.

MCAN Mortgage Corp. Declares First Quarter Dividend Payable on March 31, 2015

The Board of Directors of MCAN Mortgage Corp. declared a first quarter regular dividend of $0.28 per share to be paid March 31, 2015 to shareholders of record as of March 16, 2015.

MCAN Mortgage Corporation Declares Fourth Quarter Regular Dividend, Payable on January 2, 2015; Announces Earnings Results for the Third Quarter and Year to Date Ended September 30, 2014

MCAN Mortgage Corporation's Board of Directors declared fourth quarter regular dividend of $0.28 per share to be paid January 2, 2015 to shareholders of record as of December 15, 2014. The company announced earnings results for the third quarter and year to date ended September 30, 2014. For the quarter, the company’s net income was $4.9 million, down from $9.3 million (on a restated basis for change in income tax accounting noted below) in 2013. Earnings per share were $0.23, down from $0.46 (restated) in the prior year. Return on average shareholders' equity was 8.74% for the quarter, down from 18.40% (restated) in the third quarter of 2013. Net income was significantly higher than the current year due to the non-recurring benefits from acquisition of Xceed Mortgage Corporation completed on July 4, 2013. For the year to date, the company’s net income increased to $18.3 million from $17.8 million in the prior year, primarily due to increases in mortgage interest income, income from the market MBS program and whole loan gains on sale. These increases were primarily offset by lower equity income from MCAP, higher operating expenses and the non-recurring items noted above. For the year to date, earnings per share totaled $0.89, down from $0.92 per share in the prior year. Return on average shareholders' equity was 11.10% for the year to date, down from 12.56% in the prior year.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
MKP:CN C$13.75 CAD +0.01

MKP Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for MKP.
View Industry Companies
 

Industry Analysis

MKP

Industry Average

Valuation MKP Industry Range
Price/Earnings 10.4x
Price/Sales 6.0x
Price/Book 1.2x
Price/Cash Flow 10.6x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact MCAN MORTGAGE CORP, please visit www.mcanmortgage.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.