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Dividend investing can help shareholders create a steady stream of income at a low cost. For instance, you can create passive income by purchasing a single stock of any dividend-paying company.
There are several high-dividend TSX stocks, such as MCAN Mortgage (TSX:MKP), that are attractive to the income investor. Valued at $565 million by market cap, MCAN currently offers shareholders a tasty dividend yield of 9.54%.
Is MCAN Mortgage a good stock to buy right now?
MCAN Mortgage operates as a loan and mortgage investment company in Canada. It is engaged in real estate lending and investing activities, including residential mortgages, residential constructions, and commercial loans.
The company is structured as a flow-through mortgage investment corporation, which means it is not taxed at the corporate level and distributes all its taxable earnings each year.
In the third quarter (Q3) of 2023, MCAN…
