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

Atrium Mortgage Investment Co. (TSE:AI) declared a monthly dividend on Thursday, September 5th, Zacks reports. Investors of record on Monday, September 30th will be paid a dividend of 0.075 per share on Friday, October 11th. This represents a $0.90 dividend on an annualized basis and a yield of 7.81%. The ex-dividend date of this dividend is Monday, September 30th.

Atrium Mortgage Investment Stock Performance

Shares of TSE:AI traded down C$0.03 on Friday, hitting C$11.53. The company’s stock had a trading volume of 13,589 shares, compared to its average volume of 31,408. The company has a market capitalization of C$512.05 million, a price-to-earnings ratio of 11.09 and a beta of 1.22. The company has a debt-to-equity ratio of 78.58, a quick ratio of 102.54 and a current ratio of 62.51. Atrium Mortgage Investment has a 12 month low of C$9.76 and a 12 month high of C$11.74. The stock’s 50-day moving average is C$11.19 and its two-hundred day moving average is C$11.15.

Atrium Mortgage Investment (TSE:AI) last released its earnings results on Thursday, August 8th. The company reported C$0.26 EPS for the quarter. Atrium Mortgage Investment had a net margin of 81.77% and a return on equity of 9.48%. The firm had revenue of C$24.93 million for the quarter. On average, equities research analysts forecast that Atrium Mortgage Investment will post 1.0303301 EPS for the current year.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$13.03 target price on Atrium Mortgage Investment and gave the stock a “buy” rating in a report on Tuesday, August 20th.

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.