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

Atrium Mortgage Investment Co. (TSE:AI) announced a monthly dividend on Monday, November 4th,Zacks Dividends reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.075 per share on Thursday, December 12th. This represents a $0.90 annualized dividend and a dividend yield of 7.88%. The ex-dividend date of this dividend is Friday, November 29th.

Atrium Mortgage Investment Stock Up 0.4 %

Shares of TSE AI opened at C$11.42 on Thursday. The company has a current ratio of 62.51, a quick ratio of 102.54 and a debt-to-equity ratio of 78.58. The business has a 50-day moving average of C$11.28 and a 200-day moving average of C$11.19. The firm has a market capitalization of C$508.42 million, a price-to-earnings ratio of 10.98 and a beta of 1.21. Atrium Mortgage Investment has a 12 month low of C$9.95 and a 12 month high of C$12.00.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Atrium Mortgage Investment news, Director Mark Silver bought 2,854 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were bought at an average price of C$11.45 per share, for a total transaction of C$32,678.30. Corporate insiders own 4.45% of the company’s stock.

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.