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 2020 we pay a monthly dividend of $0.075 per share, plus a bonus dividend to shareholders who own our shares on December 31 each year.
Year |
Regular dividend |
Bonus 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 |
to be determined |
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