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-releases/mcan-financial-group-announces-solid-2024-results-886157468.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.)