Mainstreet Equity Corp. (TSE:MEQ) Announces $0.03 Quarterly Dividend

Mainstreet Equity Corp. (TSE:MEQ - Get Free Report) announced a quarterly dividend on Thursday, April 11th, Zacks reports. Investors of record on Tuesday, April 16th will be given a dividend of 0.027 per share on Tuesday, April 30th. This represents a $0.11 annualized dividend and a yield of 0.06%. The ex-dividend date is Monday, April 15th.

Mainstreet Equity Trading Down 0.8 %

TSE:MEQ traded down C$1.50 during trading hours on Friday, hitting C$190.35. The company had a trading volume of 3,668 shares, compared to its average volume of 2,947. The company has a market capitalization of C$1.77 billion, a PE ratio of 10.87 and a beta of 1.55. The stock has a 50-day moving average price of C$177.67 and a 200 day moving average price of C$154.35. Mainstreet Equity has a 52 week low of C$125.55 and a 52 week high of C$194.57. The company has a debt-to-equity ratio of 119.54, a current ratio of 1.00 and a quick ratio of 0.81.

Mainstreet Equity (TSE:MEQ - Get Free Report) last announced its earnings results on Tuesday, February 6th. The company reported C$7.36 EPS for the quarter, beating analysts' consensus estimates of C$2.04 by C$5.32. Mainstreet Equity had a net margin of 74.24% and a return on equity of 12.47%. The firm had revenue of C$58.34 million for the quarter, compared to analysts' expectations of C$56.60 million. On average, equities research analysts predict that Mainstreet Equity will post 6.8109648 EPS for the current fiscal year.

Insider Transactions at Mainstreet Equity

In other news, Director Richard Grimaldi sold 6,400 shares of Mainstreet Equity stock in a transaction dated Monday, February 12th. The stock was sold at an average price of C$163.00, for a total value of C$1,043,200.00. 48.94% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Laurentian set a C$180.00 target price on shares of Mainstreet Equity and gave the company a "buy" rating in a report on Monday, January 22nd.

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.