Atrium Mortgage Investment Co. to Issue Monthly Dividend of $0.08 (TSE:AI)

Atrium Mortgage Investment Co. (TSE:AI) announced a monthly dividend on Thursday, September 5th, Zacks reports. Investors of record on Monday, September 30th will be paid a dividend of 0.075 per share on Friday, October 11th. This represents a $0.90 dividend on an annualized basis and a yield of 7.82%. The ex-dividend date of this dividend is Monday, September 30th.

Atrium Mortgage Investment Price Performance

AI opened at C$11.51 on Friday. The company has a market capitalization of C$511.16 million, a price-to-earnings ratio of 11.07 and a beta of 1.22. The company has a quick ratio of 102.54, a current ratio of 62.51 and a debt-to-equity ratio of 78.58. The firm has a 50-day moving average price of C$11.43 and a 200-day moving average price of C$11.20. Atrium Mortgage Investment has a twelve month low of C$9.76 and a twelve month high of C$12.00.

Atrium Mortgage Investment (TSE:AI) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.26 earnings per share for the quarter. The firm had revenue of C$24.93 million for the quarter. Atrium Mortgage Investment had a return on equity of 9.48% and a net margin of 81.77%. Equities analysts expect that Atrium Mortgage Investment will post 1.0594694 EPS for the current year.

Analyst Ratings Changes

Separately, Fundamental Research set a C$13.03 price target on shares of Atrium Mortgage Investment and gave the stock a “buy” rating in a research note on Tuesday, August 20th.

About Atrium Mortgage Investment

Atrium Mortgage Investment Corporation, a mortgage lender, provides residential and commercial mortgages services in Canada. It offers various types of mortgage loans, such as land and development financing, construction and mezzanine financing, and commercial term and bridge financing services for residential, multi-residential, and commercial real properties.