Atrium Mortgage Investment Corp (AI) Declares Monthly Dividend of $0.07
Atrium Mortgage Investment Corp (TSE:AI) announced a monthly dividend on Thursday, July 27th, TickerTech reports. Stockholders of record on Friday, August 11th will be given a dividend of 0.0733 per share on Friday, August 11th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 7.27%. The ex-dividend date is Thursday, July 27th.
Atrium Mortgage Investment Corp (TSE:AI) traded down 0.74% during midday trading on Friday, hitting $12.10. The stock had a trading volume of 30,656 shares. Atrium Mortgage Investment Corp has a 12-month low of $11.20 and a 12-month high of $12.60. The firm has a market cap of $364.61 million and a P/E ratio of 12.45. The stock has a 50-day moving average price of $12.14 and a 200 day moving average price of $12.05.
In other news, Director Nancy Lockhart sold 3,700 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of C$11.85, for a total transaction of C$43,845.00.
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Several analysts have recently issued reports on AI shares. Fundamental Research reissued a “top pick” rating and set a C$13.07 price objective on shares of Atrium Mortgage Investment Corp in a research note on Monday, May 1st. TD Securities set a C$12.50 price objective on shares of Atrium Mortgage Investment Corp and gave the company a “hold” rating in a research note on Monday, May 1st.
About Atrium Mortgage Investment Corp
Atrium Mortgage Investment Corporation is a non-bank lender. The Company provides residential and commercial mortgages that lends in urban centers in Canada. Its mortgages are secured by all types of residential, multi-residential and commercial real property located in Canada. Its investment objectives are to preserve its shareholders equity and provide its shareholders with stable and secure dividends from its investments in mortgage loans.
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