Dividend YieldRegular dividend increased +5%, providing for a sustainable 8.9% dividend yield, which remains well-covered with a ~70% payout ratio.
Earnings GrowthEarnings growth appears set to resume supported by more accommodative monetary policies and expectation for spreads to stabilize.
Operational EfficiencyMKP is performing well in a soft housing market underpinned by its margin focus, rising market share and operational efficiency.