Atrium Mortgage Investment Co. (AI) to Issue Monthly Dividend of $0.08 on December 12th

Atrium Mortgage Investment Co. (TSE:AI) announced a monthly dividend on Monday, November 4th, Zacks reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.075 per share on Thursday, December 12th. This represents a $0.90 dividend on an annualized basis and a yield of 8.18%. The ex-dividend date is Friday, November 29th.

Atrium Mortgage Investment Stock Performance

TSE:AI traded up C$0.01 during trading hours on Wednesday, hitting C$11.00. 25,449 shares of the company traded hands, compared to its average volume of 39,931. Atrium Mortgage Investment has a twelve month low of C$9.95 and a twelve month high of C$12.00. The stock has a market capitalization of C$489.72 million, a price-to-earnings ratio of 10.55 and a beta of 1.21. The company has a current ratio of 62.51, a quick ratio of 102.54 and a debt-to-equity ratio of 78.58. The firm has a 50-day moving average of C$11.44 and a 200 day moving average of C$11.18.

Atrium Mortgage Investment (TSE:AI) last posted its quarterly earnings data 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 during the quarter. Atrium Mortgage Investment had a net margin of 81.77% and a return on equity of 9.48%. On average, analysts forecast that Atrium Mortgage Investment will post 1.0597015 EPS for the current year.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$13.03 price objective on shares of Atrium Mortgage Investment and gave the company a “buy” rating in a report 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.