Could Investing $53,000 in MCAN Make You a Millionaire? [Yahoo! Finance Canada]
MercadoLibre, Inc. (MELI)
Last mercadolibre, inc. earnings: 2/10 04:01 pm
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investor.mercadolibre.com/investor-relations
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Source: Yahoo! Finance Canada
Dividend investing is a path for regular folks to build wealth or secure their financial futures. The investing strategy also has the potential to make you a millionaire through the power of compound interest. However, the journey to $1 million requires patience and a considerable amount of time. The prerequisite to success is always the choice of stocks. Not all dividend stocks are safe, so it would help to evaluate a company and see if it is financially healthy to sustain dividends for decades until you retire. Dividend titan MCAN Mortgage TSX:MKP ) fits the bill not only because it is a dividend titan. The $597.2 million loan company operates under the Trust and Loan Companies Act (Canada) and is regulated by the Office of the Superintendent of Financial Institutions Canada (OSFI). ADVERTISEMENT Second, MCAN is also a Mortgage Investment Corporation (MIC) under the Income Tax Act (Canada). It is allowed to deduct dividend payments to shareholders from its taxable income.
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MELI
Earnings
- 5/2/24 - Beat
MELI
Sec Filings
- 6/6/24 - Form 8-K
- 5/24/24 - Form SC
- 5/3/24 - Form 10-Q
- MELI's page on the SEC website