Our investment objectives are to preserve our shareholders’ equity and provide our shareholders with stable and secure dividends from our investments in mortgage loans within the criteria permitted for a Mortgage Investment Corporation (MIC). Working within conservative risk parameters, we endeavour to maximize income and thus the dividends paid to our shareholders through the sourcing and efficient management of our mortgage investments.
For 2022, we are currently paying a monthly dividend of $0.075 per share, plus a special dividend to shareholders who own our shares on December 31 in the event the dividends declared are less than taxable income for the fiscal year.
Year |
Regular dividend |
Special dividend |
Total dividends paid |
Earnings per share (basic) |
2013 |
$0.80 |
$0.05 |
$0.85 |
$0.85 |
2014 |
$0.82 |
$0.07 |
$0.89 |
$0.91 |
2015 |
$0.84 |
$0.09 |
$0.93 |
$0.94 |
2016 |
$0.86 |
$0.10 |
$0.96 |
$0.97 |
2017 |
$0.88 |
$0.04 |
$0.92 |
$0.95 |
2018 |
$0.90 |
$0.04 |
$0.94 |
$0.95 |
2019 |
$0.90 |
$0.06 |
$0.96 |
$0.97 |
2020 |
$0.90 |
$0.02 |
$0.92 |
$0.93 |
2021 |
$0.90 |
$0.07 |
$0.97
|
$0.98 |
2022 |
$0.90 |
to be determined |
|
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