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

Atrium Mortgage Investment Co. (TSE:AI) announced a monthly dividend on Thursday, October 3rd, Zacks reports. Shareholders of record on Thursday, October 31st will be given a dividend of 0.075 per share on Wednesday, November 13th. This represents a $0.90 annualized dividend and a yield of 7.97%. The ex-dividend date is Thursday, October 31st.

Atrium Mortgage Investment Price Performance

Shares of TSE:AI opened at C$11.29 on Wednesday. The company has a market cap of C$502.63 million, a P/E ratio of 10.86 and a beta of 1.21. The company’s fifty day moving average is C$11.49 and its two-hundred day moving average 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 12-month low of C$9.76 and a 12-month high of C$12.00.

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

Wall Street Analyst Weigh In

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 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.