Firm Capital MIC Announces Monthly Cash Dividend:
Toronto, Canada – April 7, 2025 – Firm Capital Mortgage Investment Corporation (MIC) (TSX: FC) is pleased to announce its monthly cash dividend for shareholders. The dividend amount remains unchanged at $0.078 per share.
Details of the Dividend:
Shareholders of record as of the 15th day of the month will receive the cash dividend on or around the 30th day of the month. For example, shareholders of record as of April 15, 2025, will receive their dividend on or around April 30, 2025.
Impact on Individual Investors:
For individual investors, this dividend may contribute to a steady stream of passive income. The $0.078 dividend per share translates to an annual dividend yield of approximately 5.4% based on the current stock price. This yield may be attractive to income-focused investors looking for consistent returns from their portfolio.
Impact on the Global Economy:
- Stability: MIC’s consistent dividend payments contribute to financial stability for its shareholders and, by extension, the broader economy. Regular dividend payments can help investors meet their financial obligations and plan for the future.
- Economic Growth: As shareholders reinvest their dividends or spend them on goods and services, the money circulates within the economy, driving economic growth.
- Confidence: A reliable dividend payer like Firm Capital MIC can help build investor confidence in the stock market and encourage further investment.
Conclusion:
Firm Capital MIC’s announcement of a consistent monthly cash dividend of $0.078 per share offers benefits for both individual investors and the global economy. The dividend yield provides a steady source of passive income for investors, while the reinvestment or spending of those dividends contributes to economic stability and growth. As a reliable dividend payer, Firm Capital MIC also helps build confidence in the stock market and encourages further investment.
Shareholders of record as of the 15th day of each month will continue to receive their dividends on or around the 30th day of the month. For more information about Firm Capital MIC and its dividend payments, please visit their website or contact their investor relations team.
