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

Atrium Mortgage Investment Co. (TSE:AI) declared a monthly dividend on Monday, November 4th,Zacks Dividends reports. Shareholders of record on Friday, November 29th will be paid a dividend of 0.075 per share on Thursday, December 12th. This represents a $0.90 annualized dividend and a yield of 7.91%. The ex-dividend date is Friday, November 29th.

Atrium Mortgage Investment Trading Up 0.7 %

Shares of AI opened at C$11.38 on Wednesday. Atrium Mortgage Investment has a twelve month low of C$9.95 and a twelve month high of C$12.00. The firm has a market capitalization of C$506.64 million, a P/E ratio of 10.94 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’s 50-day moving average is C$11.30 and its two-hundred day moving average is C$11.18.

Insider Activity at Atrium Mortgage Investment

In related news, Director Mark Silver purchased 2,854 shares of the business’s stock in a transaction on Friday, October 4th. The shares were bought at an average price of C$11.45 per share, with a total value of C$32,678.30. Insiders own 4.45% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$13.03 price target 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.