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

Atrium Mortgage Investment Co. (TSE:AI) announced a monthly dividend on Thursday, October 3rd, Zacks reports. Investors of record on Thursday, October 31st will be paid a dividend of 0.075 per share on Wednesday, November 13th. This represents a $0.90 annualized dividend and a dividend yield of 7.92%. The ex-dividend date is Thursday, October 31st.

Atrium Mortgage Investment Stock Up 0.5 %

Shares of TSE:AI opened at C$11.36 on Friday. The company has a market capitalization of C$505.75 million, a price-to-earnings ratio of 10.92 and a beta of 1.21. The company has a 50 day moving average of C$11.44 and a two-hundred day moving average of C$11.20. Atrium Mortgage Investment has a 52-week low of C$9.76 and a 52-week high of C$12.00. The company has a quick ratio of 102.54, a current ratio of 62.51 and a debt-to-equity ratio of 78.58.

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. Atrium Mortgage Investment had a net margin of 81.77% and a return on equity of 9.48%. The business had revenue of C$24.93 million during the quarter. As a group, analysts forecast that Atrium Mortgage Investment will post 1.0597015 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$13.03 price objective on Atrium Mortgage Investment and gave the company 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.