Mainstreet Equity Corp. to Issue Quarterly Dividend of $0.03 (TSE:MEQ)

Mainstreet Equity Corp. (TSE:MEQ) declared a quarterly dividend on Tuesday, October 15th, Zacks reports. Shareholders of record on Thursday, October 17th will be paid a dividend of 0.027 per share on Thursday, October 31st. This represents a $0.11 annualized dividend and a yield of 0.05%. The ex-dividend date of this dividend is Thursday, October 17th.

Mainstreet Equity Stock Up 1.3 %

Shares of TSE MEQ opened at C$198.84 on Thursday. The company has a current ratio of 0.40, a quick ratio of 0.81 and a debt-to-equity ratio of 117.76. The company has a market cap of C$1.85 billion, a price-to-earnings ratio of 14.72 and a beta of 1.63. Mainstreet Equity has a 12 month low of C$131.18 and a 12 month high of C$200.01. The stock has a 50-day moving average price of C$193.72 and a two-hundred day moving average price of C$182.78.

Mainstreet Equity (TSE:MEQ) last issued its earnings results on Tuesday, July 23rd. The company reported C($1.70) EPS for the quarter, missing the consensus estimate of C$2.42 by C($4.12). The business had revenue of C$63.32 million for the quarter, compared to analyst estimates of C$62.35 million. Mainstreet Equity had a return on equity of 9.38% and a net margin of 52.74%. As a group, analysts forecast that Mainstreet Equity will post 8.1910619 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MEQ. ATB Capital upped their price objective on Mainstreet Equity from C$200.00 to C$215.00 in a research note on Wednesday, July 24th. Acumen Capital upped their price objective on Mainstreet Equity from C$210.00 to C$220.00 in a research note on Wednesday, July 24th.

Mainstreet Equity Company Profile

Mainstreet Equity Corp. engages in the acquisition, redevelopment, repositioning, and management of mid-market residential rental apartment buildings in Western Canada. The company owns a portfolio of multi-family residential properties in British Columbia, Calgary, Edmonton, Saskatoon, Regina, and Winnipeg.