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MCAN Financial Group (MCAN Financial Group) 3-Year Dividend Growth Rate : 3.70% (As of Mar. 2024)


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What is MCAN Financial Group 3-Year Dividend Growth Rate?

MCAN Financial Group's Dividends per Share for the three months ended in Mar. 2024 was $0.29.

The historical rank and industry rank for MCAN Financial Group's 3-Year Dividend Growth Rate or its related term are showing as below:

MAMTF' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -5.2   Med: 3.75   Max: 12.9
Current: 3.7

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of MCAN Financial Group was 12.90% per year. The lowest was -5.20% per year. And the median was 3.75% per year.

MAMTF's 3-Year Dividend Growth Rate is ranked worse than
69.69% of 772 companies
in the Banks industry
Industry Median: 7.7 vs MAMTF: 3.70

During the past 12 months, MCAN Financial Group's average Dividends Per Share Growth Rate was 5.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 3.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 2.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 3.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

MCAN Financial Group's Dividend Payout Ratio for the three months ended in Mar. 2024 was 0.60. As of today, MCAN Financial Group's Dividend Yield % is 9.75%.

Good Sign:

MCAN Financial Group stock dividend yield is close to 3-year high.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of MCAN Financial Group's 3-Year Dividend Growth Rate

For the Mortgage Finance subindustry, MCAN Financial Group's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


MCAN Financial Group's 3-Year Dividend Growth Rate Distribution in the Banks Industry

For the Banks industry and Financial Services sector, MCAN Financial Group's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where MCAN Financial Group's 3-Year Dividend Growth Rate falls into.



MCAN Financial Group 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


MCAN Financial Group  (OTCPK:MAMTF) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

MCAN Financial Group's Dividend Payout Ratio for the quarter that ended in Mar. 2024 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2024 )/ EPS without NRI (Q: Mar. 2024 )
=0.288/ 0.48
=0.60

During the past 13 years, the highest Dividend Payout Ratio of MCAN Financial Group was 0.93. The lowest was 0.56. And the median was 0.75.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

MCAN Financial Group Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
CAD 0.3900002024-03-142024-03-152024-03-28Cash DividendquarterlyCAD:USD 0.738242
CAD 0.3800002023-12-142023-12-152024-01-02Cash DividendquarterlyCAD:USD 0.754720
CAD 0.3800002023-09-142023-09-152023-09-29Cash DividendquarterlyCAD:USD 0.735808
CAD 0.3600002023-06-142023-06-152023-06-30Cash DividendquarterlyCAD:USD 0.755744

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

MCAN Financial Group's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=1.12638286/11.56
=9.74 %

Current Share Price is $11.56.
MCAN Financial Group's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.12638286.

During the past 13 years, the highest Dividend Yield of MCAN Financial Group was 12.02%. The lowest was 6.84%. And the median was 8.40%.

Good Sign:

MCAN Financial Group stock dividend yield is close to 3-year high.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


MCAN Financial Group 3-Year Dividend Growth Rate Related Terms>


MCAN Financial Group (MCAN Financial Group) Business Description

Traded in Other Exchanges
Address
200 King Street West, Suite 600, Toronto, ON, CAN, M5H 3T4
MCAN Financial Group is a mortgage investment company whose objective is to generate a reliable stream of income by investing 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 derives majority of its revenues from mortgage income and equity income.

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