MCAN Mortgage (TSE:MKP) has released an update.
MCAN Financial Group reported a record annual net income of $77.5 million for 2023, marking a significant increase from the previous year and declaring a 5.4% increase in its regular cash dividend to shareholders. The company’s strategic adjustments to their mortgage portfolio in response to the rising interest rate environment significantly contributed to the higher net income. CEO Don Coulter expressed confidence in the company’s continued growth and dedication to maximizing shareholder value despite some factors impacting their Q4 results.
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