MCAN Mortgage (TSE:MKP) has released an update.
MCAN Mortgage Corporation maintains a steady Q1 2024 performance with a net income of $23.2 million, nearly mirroring last year’s results, and announces a regular cash dividend of $0.39 per share. The company’s uninsured residential mortgage portfolio reached a record high of $1 billion, reflecting robust growth and renewal volumes. Additionally, a successful overnight marketed offering raised $28.8 million, underscoring strong investor demand and setting the stage for future expansion in residential and construction lending.
For further insights into TSE:MKP stock, check out TipRanks’ Stock Analysis page.
