Atrium Mortgage Investment Co. (AI) to Issue Monthly Dividend of $0.08 on November 13th

Atrium Mortgage Investment Co. (TSE:AI) declared 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 dividend on an annualized basis and a yield of 7.95%. The ex-dividend date is Thursday, October 31st.

Atrium Mortgage Investment Price Performance

TSE AI opened at C$11.32 on Tuesday. The stock’s 50-day moving average price is C$11.49 and its 200-day moving average price is C$11.18. 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 has a 52 week low of C$9.76 and a 52 week high of C$12.00. The company has a market capitalization of C$503.97 million, a P/E ratio of 10.88 and a beta of 1.21.

Atrium Mortgage Investment (TSE:AI) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.26 EPS for the quarter. Atrium Mortgage Investment had a return on equity of 9.48% and a net margin of 81.77%. The firm had revenue of C$24.93 million for the quarter. On average, equities research analysts predict that Atrium Mortgage Investment will post 1.0597015 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$13.03 target price on Atrium Mortgage Investment and gave the stock a “buy” rating in a research 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.