The Company’s policy is to pay a substantial part of its earnings to its shareholders. The company currently pays a quarterly dividend payable on or about each of March 30, June 30, September 30 and January 2. Additional dividends may be declared by the Company from time to time.
MCAN Mortgage Corporation (“MCAN”) is a Mortgage Investment Corporation (“MIC”), under Section 130.1 of the Income Tax Act(Canada). As such, MCAN can deduct any dividends paid to its shareholders in calculating income for tax purposes. Normally, these dividends are taxed in the shareholders’ hands as interest.
For tax reporting of MCAN dividends, T5 tax slips are issued by the brokerage firm through which you purchased the MCAN shares. If you have not received your T5 tax slip, please contact your broker directly as MCAN is not involved in sending these out.
For reporting on T5 slips, interest dividends from a MIC are recorded in Box 13. In addition, a MIC may from time to time pay dividends in respect of capital gains that it has earned. These are taxed as capital gains from the disposition of capital property. For reporting on T5 slips, capital gain dividends from a MIC are recorded in Box 18.
Please Note: For non-resident shareholders, dividend income may be subject to withholding tax. For further information, please discuss with your investment advisor.
Click here for information regarding MCAN’s Dividend Reinvestment Plan.
Since 2012, the following dividends have been declared and/or paid:
Payment Date | Record Date | Interest Dividend - Cash (Box 13) | Interest Dividend - Stock (Box 13) | Capital Gain Dividend (Box 18) |
---|---|---|---|---|
Jan 4, 2021 | Dec 15, 2020 | $0.34 | ||
Mar 31, 2021 | Mar 15, 2021 | $0.34 | $0.85 | |
Jun 30, 2021 | Jun 15, 2021 | $0.34 | ||
TOTAL | $1.02 | $0.85 | ||
Jan 2, 2020 | Dec 13, 2019 | $0.32 | ||
Mar 30, 2020 | Mar 13, 2020 | $0.34 | ||
June 30, 2020 | June 15, 2020 | $0.34 | ||
Sept 30, 2020 | Sept 15, 2020 | $0.34 | ||
TOTAL | $1.34 | |||
Jan 2, 2019 | Dec 14, 2018 | $0.32 | ||
Mar 29, 2019 | Mar 15, 2019 | $0.32 | ||
Jun 28, 2019 | Jun 14, 2019 | $0.32 | ||
Sep 30, 2019 | Sep 13, 2019 | $0.32 | ||
TOTAL | $1.28 | |||
Jan 2, 2018 | Dec 15, 2017 | $0.37 | ||
Mar 29, 2018 | Mar 15, 2018 | $0.37 | ||
Jun 29, 2018 | Jun 15, 2018 | $0.37 | ||
Sep 28, 2018 | Sep 14, 2018 | $0.37 | ||
TOTAL | $1.48 | |||
Jan 3, 2017 | Dec 15, 2016 | $0.30 | ||
Mar 30, 2017 | Mar 15, 2017 | $0.30 | ||
June 30, 2017 | June 15, 2017 | $0.32 | ||
Sept 29, 2017 | Sept 15, 2017 | $0.32 | ||
TOTAL | $1.24 | |||
Jan 4, 2016 | Dec 15, 2015 | $0.29 | ||
March 31, 2016 | March 15, 2016 | $0.29 | ||
June 30, 2016 | June 15, 2016 | $0.29 | ||
Sept 30, 2016 | Sept 15, 2016 | $0.29 | ||
TOTAL | $1.16 | |||
Jan 2, 2015 | Dec 15, 2014 | $0.28 | ||
March 31, 2015 | March 16, 2015 | $0.28 | ||
June 30, 2015 | June 15, 2015 | $0.28 | ||
Sept 30, 2015 | Sept 15, 2015 | $0.28 | ||
TOTAL | $1.12 | |||
Jan 2, 2014 | Dec 16, 2013 | $0.28 | ||
March 31, 2014 | March 17, 2014 | $0.28 | ||
June 30, 2014 | June 16, 2014 | $0.28 | ||
Sept 30, 2014 | Sept 16, 2014 | $0.28 | ||
TOTAL | $1.12 | |||
Jan 2, 2013 | Dec 17, 2012 | $0.28 | ||
Mar 28, 2013 | Mar 15, 2013 | $0.31 | ||
June 28, 2013 | June 14, 2013 | $0.28 | ||
Sept 30, 2013 | Sept 16, 2013 | $0.28 | ||
TOTAL | $1.15 | |||
Jan 3, 2012 | Dec 2, 2011 | $0.27 | ||
Mar 30, 2012 | Mar 15, 2012 | $0.55 | $0.05 | |
June 29, 2012 | June 15, 2012 | $0.27 | ||
Sept 28, 2012 | Sept 14, 2012 | $0.27 | ||
TOTAL | $1.36 | $0.05 | ||
We won’t share your email address and you can opt-out at any time.