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

Atrium Mortgage Investment Co. (TSE:AI) announced a monthly dividend on Thursday, May 2nd, Zacks reports. Investors of record on Friday, May 31st will be paid a dividend of 0.075 per share on Wednesday, June 12th. This represents a $0.90 dividend on an annualized basis and a yield of 8.08%. The ex-dividend date is Friday, May 31st.

Atrium Mortgage Investment Stock Up 1.1 %

Shares of Atrium Mortgage Investment stock traded up C$0.12 during trading hours on Friday, reaching C$11.14. 16,549 shares of the company’s stock were exchanged, compared to its average volume of 31,906. Atrium Mortgage Investment has a fifty-two week low of C$9.76 and a fifty-two week high of C$11.88. The stock has a market cap of C$490.72 million, a P/E ratio of 9.77 and a beta of 1.21. The company has a current ratio of 41.61, a quick ratio of 102.54 and a debt-to-equity ratio of 77.81. The company has a 50 day moving average of C$11.29 and a two-hundred day moving average of C$10.86.

Atrium Mortgage Investment (TSE:AI) last issued its earnings results on Thursday, February 15th. The company reported C$0.26 earnings per share (EPS) for the quarter. Atrium Mortgage Investment had a net margin of 83.38% and a return on equity of 10.75%. The company had revenue of C$25.91 million for the quarter. On average, sell-side analysts forecast that Atrium Mortgage Investment will post 1.1501502 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on AI. Laurentian downgraded shares of Atrium Mortgage Investment from a “buy” rating to a “hold” rating and set a C$13.00 price objective for the company. in a research report on Monday, January 22nd. Fundamental Research set a C$13.42 price target on Atrium Mortgage Investment and gave the company a “buy” rating in a research note on Wednesday, February 21st.

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.