Mortgage Choice has gone ex-div for 5.5c and remains a solid...

Mortgage Choice has gone ex-div for 5.5c and remains a solid dividend play at 8.3% currently.

The share price went gang busters during the property/sharemarket boom, pushing the price over $3, and its business has also proven resilient coming out of the GFC. The company is robust and management has a good knack of dealing with adversity affecting the company like banks cutting commissions. MOC has shown it has a broad spread of lenders it can write loans for, with other lenders usually taking the place of any lenders who cut back on their brokerage usage or cut commissions. MOC is seen as a high quality, consumer focused broker of choice, and makes good use of advertising to market its services.