Mainstreet Equity Corp. Boosts Quarterly Dividend by 45%

An announcement from Mainstreet Equity ( (TSE:MEQ) ) is now available.

Mainstreet Equity Corp. announced a substantial 45% increase in its quarterly dividend to $0.04 per share for the period ending December 31, 2024, payable at the end of January 2025. This increase reflects the company’s strong financial position and commitment to rewarding shareholders, aligning with its strategic focus on leveraging robust liquidity and stabilizing assets to maximize net operating income.

More about Mainstreet Equity

Mainstreet Equity Corp. is a Calgary-based real estate operating company, publicly traded on the Toronto Stock Exchange. The company specializes in providing high-quality, affordable multi-family rental units across western Canada, including British Columbia, Alberta, Saskatchewan, and Manitoba. Mainstreet employs a counter-cyclical strategy, acquiring undervalued units at distressed prices with low-cost capital, and focuses on rapid stabilization to enhance net operating income. It operates with an organic, non-dilutive growth model and had assets valued at approximately CDN $3.4 billion as of Q4 2024.

YTD Price Performance: -7.94%

Average Trading Volume: 3,489

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$1.78B

For detailed information about MEQ stock, go to TipRanks’ Stock Analysis page.