Reported Earnings • Aug 04
Second quarter 2026 earnings released: EPS: CA$0.59 (vs CA$0.51 in 2Q 2025) Second quarter 2026 results: EPS: CA$0.59 (up from CA$0.51 in 2Q 2025). Revenue: CA$41.5m (up 18% from 2Q 2025). Net income: CA$24.0m (up 19% from 2Q 2025). Profit margin: 58% (in line with 2Q 2025). Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Jul 31
MCAN Mortgage Corporation Declares Regular Cash Dividend for the Third Quarter, Payable on September 29, 2026 MCAN Mortgage Corporation declared a third quarter regular cash dividend of $0.43 per share to be paid September 29, 2026 to shareholders of record on September 15, 2026. Upcoming Dividend • Jun 08
Upcoming dividend of CA$0.43 per share Eligible shareholders must have bought the stock before 15 June 2026. Payment date: 30 June 2026. Payout ratio is on the higher end at 82%, and the cash payout ratio is above 100%. Trailing yield: 7.0%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (4.1%). New Risk • Jun 03
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €354k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (2.0% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (100% cash payout ratio). Significant insider selling over the past 3 months (€354k sold). Declared Dividend • May 20
First quarter dividend of CA$0.43 announced Shareholders will receive a dividend of CA$0.43. Ex-date: 15th June 2026 Payment date: 30th June 2026 Dividend yield will be 8.1%, which is higher than the industry average of 6.4%. Sustainability & Growth Dividend is covered by earnings (82% earnings payout ratio) but not covered by cash flows (100% cash payout ratio). The dividend has increased by an average of 4.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 24
MCAN Mortgage Corporation Declares First Quarter Regular Cash Dividend, Payable on March 31, 2026 MCAN Mortgage Corporation declared a first quarter regular cash dividend of $0.43 per share (an increase of 5% from our fourth quarter 2025 dividend) to be paid March 31, 2026 to shareholders of record on March 13, 2026. Announcement • Jan 14
MCAN Financial Group Announces Executive Changes MCAN Financial Group has made a series of strategic leadership appointments and expanded mandates across key functions. These changes strengthen MCAN's capabilities in finance, investments, risk management, and people strategy, ensuring the organization is well-positioned to execute on its long-term vision and deliver enhanced value for stakeholders. The company announced that Aaron Corr has assumed the title of Senior Vice President and Chief Risk Officer, reflecting the enterprise-wide scope of MCAN's risk function and its critical role in supporting effective governance and long-term resilience. Michelle Liotta has assumed the title of Vice President and Chief People Officer, highlighting the strategic importance of aligning people strategy with business priorities in support of long-term performance and growth. These strategic appointments underscore MCAN Financial Group's commitment to sustainable and profitable growth, positioning the organization to deliver enhanced, long-term value for stakeholders while navigating an evolving market landscape. Announcement • Dec 22
MCAN Mortgage Corporation, Annual General Meeting, Apr 30, 2026 MCAN Mortgage Corporation, Annual General Meeting, Apr 30, 2026. Announcement • Nov 07
MCAN Mortgage Corporation announces Quarterly dividend, payable on January 02, 2026 MCAN Mortgage Corporation announced Quarterly dividend of CAD 0.4100 per share payable on January 02, 2026, ex-date on December 15, 2025 and record date on December 15, 2025. Board Change • Aug 18
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. Independent Director Karen Martin was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 09
MCAN Mortgage Corporation has filed a Follow-on Equity Offering in the amount of CAD 75 million. MCAN Mortgage Corporation has filed a Follow-on Equity Offering in the amount of CAD 75 million.
Security Name: Common Shares
Security Type: Common Stock
Transaction Features: At the Market Offering Announcement • Aug 08
MCAN Mortgage Corporation Declares Third Quarter Regular Cash Dividend, Payable on September 29, 2025 The Board of Directors of MCAN Mortgage Corporation declared a third quarter regular cash dividend of $0.41 per share to be paid on September 29, 2025 to shareholders of record as of September 15, 2025. Announcement • May 09
MCAN Mortgage Corporation announces Quarterly dividend, payable on June 30, 2025 MCAN Mortgage Corporation announced Quarterly dividend of CAD 0.4100 per share payable on June 30, 2025, ex-date on June 13, 2025 and record date on June 13, 2025. Announcement • Feb 26
MCAN Mortgage Corporation, Annual General Meeting, May 08, 2025 MCAN Mortgage Corporation, Annual General Meeting, May 08, 2025. Announcement • Feb 25
Mcan Mortgage Corporation Declares First Quarter Regular Dividend, Payable on March 31, 2025 MCAN Mortgage Corporation declared a first quarter regular cash dividend of $0.41 per share (an increase of 5% from fourth quarter 2024 dividend) to be paid on March 31, 2025 to shareholders of record as of March 14, 2025. Reported Earnings • Nov 12
Third quarter 2024 earnings released: EPS: CA$0.70 (vs CA$0.53 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.70 (up from CA$0.53 in 3Q 2023). Revenue: CA$38.7m (up 32% from 3Q 2023). Net income: CA$26.9m (up 46% from 3Q 2023). Profit margin: 69% (up from 63% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Diversified Financial industry in Germany. Announcement • Nov 12
MCAN Mortgage Corporation Declares Cash Dividend for Fourth Quarter 2024, Payable on January 2, 2025 The board of directors of MCAN Mortgage Corporation declared a fourth quarter 2024 regular cash dividend of $0.39 per share to be paid on January 2, 2025 to shareholders of record as of December 13, 2024. Upcoming Dividend • Sep 06
Upcoming dividend of CA$0.39 per share Eligible shareholders must have bought the stock before 13 September 2024. Payment date: 27 September 2024. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 8.8%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.6%). Declared Dividend • Aug 19
Second quarter dividend of CA$0.39 announced Shareholders will receive a dividend of CA$0.39. Ex-date: 13th September 2024 Payment date: 27th September 2024 Dividend yield will be 11%, which is higher than the industry average of 6.4%. Sustainability & Growth Dividend is covered by earnings (68% earnings payout ratio) but not covered by cash flows (107% cash payout ratio). The dividend has increased by an average of 3.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 3.1% over the next 3 years. However, it would need to fall by 24% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: CA$0.52 (vs CA$0.46 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.52 (up from CA$0.46 in 2Q 2023). Revenue: CA$61.1m (up 124% from 2Q 2023). Net income: CA$19.7m (up 24% from 2Q 2023). Profit margin: 32% (down from 58% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 1.3% p.a. on average during the next 3 years, while revenues in the Diversified Financial industry in Germany are expected to grow by 14%. Announcement • Aug 13
MCAN Mortgage Corporation Declares Third Quarter Regular Cash Dividend, Payable on September 27, 2024 MCAN Mortgage Corporation declared a third quarter regular cash dividend of $0.39 per share to be paid on September 27, 2024 to shareholders of record as of September 13, 2024. Upcoming Dividend • Jun 07
Upcoming dividend of CA$0.39 per share Eligible shareholders must have bought the stock before 14 June 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 69% but the company is paying out more than the cash it is generating. Trailing yield: 9.5%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (2.6%). Recent Insider Transactions • May 13
Independent Chairman of the Board recently sold €535k worth of stock On the 10th of May, Derek Sutherland sold around 50k shares on-market at roughly €10.62 per share. This transaction amounted to 5.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Derek has been a net seller over the last 12 months, reducing personal holdings by €468k. Declared Dividend • May 13
First quarter dividend of CA$0.39 announced Shareholders will receive a dividend of CA$0.39. Ex-date: 14th June 2024 Payment date: 28th June 2024 Dividend yield will be 11%, which is higher than the industry average of 6.4%. Sustainability & Growth Dividend is covered by earnings (69% earnings payout ratio) but not covered by cash flows (dividend approximately 5x free cash flows). The dividend has increased by an average of 3.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next 3 years, which should provide adequate earnings cover for the dividend. Announcement • May 09
MCAN Mortgage Corporation Appoints Karen L. Martin as Director MCAN Mortgage Corporation announced that at the AGM was held on May 7, 2024, the company approved the appointment of Karen L. Martin as director. Announcement • May 08
MCAN Mortgage Corporation Declares Second Quarter Regular Cash Dividend, Payable on June 28, 2024 The Board of Directors of MCAN Mortgage Corporation declared a second quarter regular cash dividend of $0.39 per share. The dividend will be paid on June 28, 2024 to shareholders of record as of June 14, 2024. Reported Earnings • May 07
First quarter 2024 earnings released: EPS: CA$0.65 (vs CA$0.67 in 1Q 2023) First quarter 2024 results: EPS: CA$0.65 (down from CA$0.67 in 1Q 2023). Revenue: CA$35.3m (up 2.7% from 1Q 2023). Net income: CA$23.2m (flat on 1Q 2023). Profit margin: 66% (down from 68% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Diversified Financial industry in Germany. Announcement • Mar 29
MCAN Mortgage Corporation has completed a Follow-on Equity Offering in the amount of CAD 25.025 million. MCAN Mortgage Corporation has completed a Follow-on Equity Offering in the amount of CAD 25.025 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 1,625,000
Price\Range: CAD 15.4 Recent Insider Transactions • Mar 28
Lead Independent Director recently bought €105k worth of stock On the 21st of March, John Coke bought around 10k shares on-market at roughly €10.48 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €66k more in shares than they bought in the last 12 months. Announcement • Mar 19
MCAN Mortgage Corporation has filed a Follow-on Equity Offering in the amount of CAD 20 million. MCAN Mortgage Corporation has filed a Follow-on Equity Offering in the amount of CAD 20 million.
Security Name: Common Shares
Security Type: Common Stock Upcoming Dividend • Mar 07
Upcoming dividend of CA$0.39 per share Eligible shareholders must have bought the stock before 14 March 2024. Payment date: 28 March 2024. Payout ratio is a comfortable 67% but the company is not cash flow positive. Trailing yield: 9.3%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (6.8%). Recent Insider Transactions • Mar 01
Independent Director recently sold €166k worth of stock On the 27th of February, Glenn Dore sold around 15k shares on-market at roughly €11.10 per share. This transaction amounted to 7.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €166k more than they bought in the last 12 months. Declared Dividend • Mar 01
Fourth quarter dividend of CA$0.39 announced Shareholders will receive a dividend of CA$0.39. Ex-date: 14th March 2024 Payment date: 28th March 2024 Dividend yield will be 11%, which is higher than the industry average of 6.4%. Sustainability & Growth Dividend is covered by earnings (67% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 7.7% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 27
MCAN Mortgage Corporation, Annual General Meeting, May 07, 2024 MCAN Mortgage Corporation, Annual General Meeting, May 07, 2024. New Risk • Feb 27
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 38% Last year net profit margin: 59% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (38% net profit margin). Shareholders have been diluted in the past year (3.4% increase in shares outstanding). Reported Earnings • Feb 27
Full year 2023 earnings released: EPS: CA$2.22 (vs CA$1.77 in FY 2022) Full year 2023 results: EPS: CA$2.22 (up from CA$1.77 in FY 2022). Revenue: CA$202.2m (up 114% from FY 2022). Net income: CA$77.5m (up 40% from FY 2022). Profit margin: 38% (down from 59% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 23% p.a. on average during the next 2 years, while revenues in the Diversified Financial industry in Germany are expected to grow by 11%. Announcement • Feb 27
Mcan Mortgage Corporation Declares First Quarter Regular Cash Dividend, Payable on March 28, 2024 MCAN Mortgage Corporation declared a first quarter regular cash dividend of $0.39 per share (a 5.4% increase on an annualized basis from 2023) to be paid on March 28, 2024 to shareholders of record as of March 15, 2024. As a mortgage investment corporation, we pay out all of our taxable income to shareholders through dividends. Largely as a result of tax timing differences on various investing strategies that undertook in the second half of 2023, we will not need to distribute a special dividend in the first quarter of 2024. Buying Opportunity • Jan 18
Now 20% undervalued Over the last 90 days, the stock is up 2.9%. The fair value is estimated to be €13.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 4.9% in 2 years. Earnings is forecast to grow by 12% in the next 2 years. Buying Opportunity • Dec 09
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.6%. The fair value is estimated to be €13.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 4.9% in 2 years. Earnings is forecast to grow by 12% in the next 2 years. Upcoming Dividend • Dec 07
Upcoming dividend of CA$0.38 per share at 9.6% yield Eligible shareholders must have bought the stock before 14 December 2023. Payment date: 02 January 2024. Payout ratio is a comfortable 61% but the company is paying out more than the cash it is generating. Trailing yield: 9.6%. Within top quartile of German dividend payers (5.2%). Higher than average of industry peers (6.4%). Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: CA$0.53 (vs CA$0.37 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.53 (up from CA$0.37 in 3Q 2022). Revenue: CA$29.4m (up 31% from 3Q 2022). Net income: CA$18.5m (up 59% from 3Q 2022). Profit margin: 63% (up from 52% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Diversified Financial industry in Germany. Announcement • Nov 07
MCAN Mortgage Corporation Announces Regular Cash Dividend for the Fourth Quarter of 2023, Payable on January 2, 2024 The Board of Directors of MCAN Mortgage Corporation declared a fourth quarter regular cash dividend of $0.38 per share to be paid on January 2, 2024 to shareholders of record as of December 15, 2023. Recent Insider Transactions • Sep 21
Chairman recently sold €90k worth of stock On the 14th of September, Derek Sutherland sold around 8k shares on-market at roughly €11.31 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Derek has been a net seller over the last 12 months, reducing personal holdings by €538k. Upcoming Dividend • Sep 07
Upcoming dividend of CA$0.38 per share at 9.3% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 9.3%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (6.1%). Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: CA$0.46 (vs CA$0.13 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.46 (up from CA$0.13 in 2Q 2022). Revenue: CA$27.3m (up 104% from 2Q 2022). Net income: CA$15.9m (up 284% from 2Q 2022). Profit margin: 58% (up from 31% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Diversified Financial industry in Germany. Announcement • Aug 09
MCAN Mortgage Corporation Announces Regular Cash Dividend, Payable on September 29, 2023 The Board of Directors of MCAN Mortgage Corporation declared a third quarter regular cash dividend of $0.38 per share (an increase of nearly 6% from second quarter 2023 dividend). The dividend will be paid on September 29, 2023 to shareholders of record as of September 15, 2023. Upcoming Dividend • Jun 07
Upcoming dividend of CA$0.36 per share at 8.7% yield Eligible shareholders must have bought the stock before 14 June 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 74% but the company is not cash flow positive. Trailing yield: 8.7%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (6.3%). Announcement • May 10
MCAN Mortgage Corporation Declares Second Quarter Regular Cash Dividend, Payable on June 30,2023 MCAN Mortgage Corporation declared a second quarter regular cash dividend of $0.36 per share. The dividend will be paid on June 30,2023 to shareholders of record as of June15,2023. Reported Earnings • May 09
First quarter 2023 earnings released: EPS: CA$0.67 (vs CA$0.52 in 1Q 2022) First quarter 2023 results: EPS: CA$0.67 (up from CA$0.52 in 1Q 2022). Revenue: CA$34.4m (up 41% from 1Q 2022). Net income: CA$23.3m (up 50% from 1Q 2022). Profit margin: 68% (up from 63% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.5% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Diversified Financial industry in Germany. Board Change • Apr 11
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Bonnie Agostinho was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. 
