Middlefield Canadian Income (MCT)

Business description

MCT’s objective is to provide a high level of sustainable dividends and long-term capital growth via investment primarily in Canadian and selected US equities. It is benchmarked against the S&P/TSX Composite High Dividend index in sterling terms and is a member of the FTSE All-Share index.

Stock data

Market cap.£112.9m
Last close106.00p
High / Low (52 weeks)109.8p / 77.8p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

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Company news

Investment summary

Middlefield Canadian Income (MCT) is listed on the Main Market of the London Stock Exchange. It aims to invest in a diversified portfolio of Canadian and selected US companies that are able to pay high sustainable or growing dividends and have the potential to generate long-term capital growth. On a sector basis, the trust currently has high exposure to the pipelines, power & utility and real estate sectors. MCT is benchmarked against the S&P/TSX Composite High Dividend Index, which it has outperformed over one, three and five years. MCT currently pays a regular quarterly dividend of 1.25p, although the board has recently proposed a modest increase to 1.275p; its current dividend yield is 4.7%.

Last updated on 26/04/2017

Latest video

Executive Interview - Middlefield Canadian Income

Key management

Dean Orrico, President & Chief Investment Officer
Robert Lauzon, Managing Director & Deputy CIO

Company address

First Canadian Place, Toronto, Ontario
M5X 1A6
Canada
+1 416 362 0714
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