Printed on February fifth, 2026 by Bob Ciura
Month-to-month dividend shares have on the spot enchantment for a lot of earnings traders. Shares that pay their dividends every month provide extra frequent payouts than conventional quarterly or semi-annual dividend payers.
Because of this, we created a full listing of over 100 month-to-month dividend shares.
You possibly can obtain our full Excel spreadsheet of all month-to-month dividend shares (together with metrics that matter like dividend yields and payout ratios) by clicking on the hyperlink under:
Agency Capital Mortgage Funding Corp. (FCMGF) is a month-to-month dividend inventory with a excessive yield. This doubtlessly makes the inventory extra engaging for earnings traders on the lookout for extra frequent dividend payouts.
This text will analyze Agency Capital Mortgage Funding in higher element.
Enterprise Overview
Agency Capital Mortgage Funding Company is a Toronto-based, non-bank mortgage lender. It operates as a mortgage funding company (MIC) underneath the Canadian Revenue Tax Act.
By its affiliated mortgage banker Agency Capital Company, it originates, funds, purchases, and companies a diversified portfolio of short-term residential and business actual property loans throughout Canada, together with bridge and time period mortgages, development financing, mezzanine loans, and chosen fairness or taking part debt construction.
On November 4th, 2025, Agency Capital Mortgage Funding Company reported its Q3 outcomes. Whole income was $12.0 million, down about 12% year-over-year, as decrease particular earnings, a lowered common portfolio stability, and a slight decline in portfolio yield offset steady payment earnings.
Curiosity income once more dominated outcomes, with greater than 90% of earnings generated from Agency’s short-term mortgage portfolio. The funding portfolio stood at $445.3 million, 93% composed of first mortgages, with a weighted-average fee of 9.61%.
Web earnings grew 1% to $6.46 million, and EPS was $0.18, primarily unchanged from the prior 12 months as decrease income was balanced by lowered curiosity bills and a smaller fair-value and credit-loss provision.
Administration reiterated its conservative underwriting method and expects regular earnings by way of the remainder of 2025, with roughly one-third of the mortgage portfolio set to mature by year-end. We anticipate FY2025 EPS of $0.72.
Development Prospects
Agency Capital’s earnings have been very regular over the previous decade, reflecting its conservative, income-focused lending mannequin.
Observe that there was a modest devaluation of the CAD relative to the USD throughout this era, which has additionally dragged outcomes barely downward in USD phrases.
Regardless, from 2015 to 2017, EPS rose as a result of mortgage portfolio increasing and curiosity earnings growing, pushed by a rising guide of short-term, high-yield actual property loans.
Outcomes softened in 2018 because of decrease particular earnings and minor fair-value changes, earlier than rebounding in 2019 on sturdy portfolio development and steady credit score efficiency.
In 2023, Agency Capital benefited from a bigger portfolio and better charges, however 2024 noticed a modest decline as yields normalized, particular allowances rose, and a brand new fairness problem barely diluted per-share earnings.
Dividend & Valuation Evaluation
Agency Capital Mortgage Funding Company has traditionally paid out nearly all of its earnings, which explains why the payout ratio hovers near 100%.
The dividend’s security stems from its prudent underwriting and short-duration mortgage portfolio, which permits it to rapidly reprice loans and handle threat in altering fee environments.
Additionally, credit score high quality stays excessive, supported by low loan-to-value ratios, diversified publicity throughout property varieties, and minimal historic losses.
Agency Capital Mortgage Funding Company has traditionally traded at a P/E within the low teenagers. Given the quite steady dividend paid month-to-month, plainly traders are mainly pricing the inventory primarily based on its underlying yield, which has averaged at 7.3% over the previous decade. We now have set our honest a number of at 12x EPS.
With a P/E of 12.5, shares are barely overvalued. A declining valuation a number of may scale back annual returns by 0.9% per 12 months over the subsequent 5 years.
Including in no anticipated EPS development and the 7.4% dividend yield, we anticipate complete returns of 5.9% per 12 months over the subsequent 5 years.
Last Ideas
Agency Capital looks as if a disciplined, income-focused lender with a protracted and confirmed monitor file of capital preservation and regular profitability.
It provides traders a dependable dividend and resilience by way of financial cycles regardless of the dearth of development potential.
We forecast annualized returns of seven.5% over the medium time period, powered by the dividend, offset by a gentle valuation headwind.
Nonetheless, we fee the inventory a promote as a result of lack of lively dividend development.
Extra Studying
Don’t miss the assets under for extra month-to-month dividend inventory investing analysis.
And see the assets under for extra compelling funding concepts for dividend development shares and/or high-yield funding securities.
Thanks for studying this text. Please ship any suggestions, corrections, or inquiries to [email protected].
