MCAN Mortgage Corp Stock (TSX:MKP) | Page 2 | Investing | Discussion forum

hwyc said
I started dipping into their stocks at ~$15 ( then get off at ~$19 ). Today they announce a dividend increase of ~5%

https://www.newswire.ca/news-r.....57468.html

The over 8% yield is really attractive. Yet on the other hand, it is not as safe ... meaning one could lose money over it.

... on a different note "The DRIP participation rate was 14% for the 2024 fourth quarter dividend compared to 30% for the 2023 fourth quarter dividend. The DRIP participation rate for 2024 dividends was 22% compared to 29% for 2023."  

Hey thanks for sharing!

Without reading the last part of your comment at first I also noticed the decrease in DRIP participation and wonder why especially at a 3% discount... Is it because of low interest rates and people selling off shares in December, or some better offer somewhere else I am unaware of. Or, maybe the change in CEO plus threats from South of the border. OR better yet people chasing iPhone offers from a certain firm that doesn't offer the real DRIP plan (some brokerages only do synthetic drops, so buyers beware.)

... Here's taking another look since 2025 - MCAN (TSX:MKP) is continuing the trend to increase dividend.

The Board of Directors 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.

We issued $9.4 million in new common shares through the Dividend Reinvestment Plan (“DRIP”) in 2025 compared to $14.8 million in 2024. The DRIP participation rate for 2025 dividends was 15% compared to 22% in 2024.

Under the DRIP, dividends paid to shareholders are automatically reinvested in common shares issued out of treasury at the weighted average trading price for the five days preceding such issue less a discount of 2% until further notice from MCAN. The DRIP participation rate for 2025 dividends was 15% (2024 - 22%).