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

Atrium Mortgage Investment Co. (TSE:AI) announced a monthly dividend on Thursday, April 4th, Zacks reports. Stockholders of record on Tuesday, April 30th will be given a dividend of 0.075 per share on Friday, May 10th. This represents a $0.90 annualized dividend and a dividend yield of 7.99%. The ex-dividend date is Monday, April 29th.

Atrium Mortgage Investment Price Performance

Atrium Mortgage Investment stock opened at C$11.27 on Friday. Atrium Mortgage Investment has a 52-week low of C$9.76 and a 52-week high of C$11.99. The firm has a fifty day moving average of C$11.30 and a 200-day moving average of C$10.85. The firm has a market capitalization of C$496.44 million, a P/E ratio of 9.89 and a beta of 1.21. The company has a quick ratio of 102.54, a current ratio of 41.61 and a debt-to-equity ratio of 77.81.

Atrium Mortgage Investment (TSE:AI) last released its quarterly earnings data on Thursday, February 15th. The company reported C$0.26 earnings per share (EPS) for the quarter. The company had revenue of C$25.91 million during the quarter. Atrium Mortgage Investment had a net margin of 83.38% and a return on equity of 10.75%. As a group, analysts predict that Atrium Mortgage Investment will post 1.1501502 EPS for the current year.

Wall Street Analyst Weigh In

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

Atrium Mortgage Investment Company Profile

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.