Mainstreet Equity Corp. Declares Quarterly Dividend for Q1 2025

Mainstreet Equity ( (TSE:MEQ) ) has issued an announcement.

Mainstreet Equity Corp. announced a quarterly cash dividend of $0.04 per common share for the quarter ending March 31, 2025, payable on April 30, 2025. This announcement reflects the company’s ongoing commitment to providing returns to its shareholders while maintaining its strategic focus on acquiring and stabilizing undervalued properties. The dividend is designated as an eligible dividend for Canadian tax purposes, which may have favorable tax implications for shareholders.

Spark’s Take on TSE:MEQ Stock

According to Spark, TipRanks’ AI Analyst, TSE:MEQ is a Neutral.

Mainstreet Equity’s stock score reflects its robust financial performance and attractive valuation, tempered by current technical weaknesses. The company’s long-term growth strategy and consistent performance underpin a positive outlook, despite short-term market challenges.

To see Spark’s full report on TSE:MEQ stock, click here.

More about Mainstreet Equity

Mainstreet Equity Corp. is a Calgary-based real estate operating company, publicly traded on the Toronto Stock Exchange under the symbol MEQ. It is a leading provider of high-quality, affordable multi-family rental units across western Canada, including British Columbia, Alberta, Saskatchewan, and Manitoba. The company focuses on a counter-cyclical strategy by acquiring undervalued properties at distressed prices and stabilizing them to enhance net operating income. Mainstreet employs a 100% organic, non-dilutive growth model and holds assets valued at approximately CDN $3.5 billion as of Q1 2025.

YTD Price Performance: -10.17%

Average Trading Volume: 4,547

Technical Sentiment Signal: Sell

Current Market Cap: C$1.71B

See more data about MEQ stock on TipRanks’ Stock Analysis page.