Atrium Mortgage Investment Corp Plans Monthly Dividend of $0.07 (TSE:AI)
Atrium Mortgage Investment Corp (TSE:AI) declared a monthly dividend on Wednesday, August 2nd, Zacks reports. Stockholders of record on Thursday, August 31st will be given a dividend of 0.073 per share on Tuesday, September 12th. This represents a $0.88 annualized dividend and a dividend yield of 7.11%. The ex-dividend date is Tuesday, August 29th.
Atrium Mortgage Investment Corp (TSE:AI) traded down 0.24% during trading on Thursday, hitting $12.29. 6,515 shares of the stock traded hands. The firm has a 50-day moving average price of $12.17 and a 200 day moving average price of $12.05. The company has a market cap of $371.28 million and a P/E ratio of 12.80. Atrium Mortgage Investment Corp has a 52-week low of $11.20 and a 52-week high of $12.60.
In related news, Director Nancy Lockhart sold 3,700 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of C$11.85, for a total value of C$43,845.00.
A number of equities research analysts have issued reports on the stock. Fundamental Research reaffirmed a “top pick” rating and set a C$13.07 price objective on shares of Atrium Mortgage Investment Corp in a report on Monday, May 1st. TD Securities set a C$12.50 target price on shares of Atrium Mortgage Investment Corp and gave the company a “hold” rating in a report on Monday, May 1st.
ILLEGAL ACTIVITY NOTICE: This piece was first reported by American Banking News and is the property of of American Banking News. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright legislation. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/08/03/atrium-mortgage-investment-corp-plans-monthly-dividend-of-0-07-tseai.html.
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.
Receive News & Ratings for Atrium Mortgage Investment Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atrium Mortgage Investment Corp and related companies with MarketBeat.com's FREE daily email newsletter.