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

Key Points

• Atrium announced a monthly dividend of C$0.0775 per share, payable to shareholders of record on May 13 with an ex-dividend date of April 30, implying an annualized yield of about 7.7%.
• Analysts are bullish on the stock, giving an average rating of "Strong Buy" with a consensus price target of C$13.31 (examples: Canaccord C$13.50, Fundamental Research C$13.12).
• Current trading and valuation: shares around C$12.09, market cap ~C$581.9M, P/E 11.74, 52‑week range C$10.67–C$12.36, and 50-/200‑day moving averages near C$11.76/C$11.60.

Atrium Mortgage Investment Co. (TSE:AI - Get Free Report) announced a monthly dividend on Thursday, April 30th, TickerTech Dividends reports. Shareholders of record on Wednesday, May 13th will be paid a dividend of 0.0775 per share on Wednesday, May 13th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Thursday, April 30th.

Atrium Mortgage Investment Stock Down 0.2%

Shares of TSE:AI opened at C$12.09 on Tuesday. The stock has a market capitalization of C$581.89 million, a price-to-earnings ratio of 11.74 and a beta of 0.69. Atrium Mortgage Investment has a 1-year low of C$10.67 and a 1-year high of C$12.36. The company's fifty day moving average is C$11.76 and its two-hundred day moving average is C$11.60. The company has a debt-to-equity ratio of 67.69, a quick ratio of 102.54 and a current ratio of 3.15.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AI shares. Canaccord Genuity Group set a C$13.50 target price on shares of Atrium Mortgage Investment and gave the stock a "buy" rating in a report on Friday, April 17th. Fundamental Research set a C$13.12 price target on shares of Atrium Mortgage Investment and gave the stock a "buy" rating in a research report on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat, Atrium Mortgage Investment has an average rating of "Strong Buy" and a consensus price target of C$13.31.

Atrium Mortgage Investment Company Profile

Atrium Mortgage Investment Corp is a non-banking finance company providing residential and commercial mortgages that lends funds in major urban centres in Canada where the stability and liquidity of real estate are high. Its objectives are to provide its shareholders with stable and secure dividends and preserve shareholders' equity by lending within conservative risk parameters. The company generates its revenue from mortgage interest and fees.

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