Atrium Mortgage Investment Corp (AI) Announces Dividend Increase – $0.07 Per Share
Atrium Mortgage Investment Corp (TSE:AI) announced a monthly dividend on Wednesday, November 29th, TickerTech reports. Shareholders of record on Tuesday, December 12th will be given a dividend of 0.0733 per share on Tuesday, December 12th. This represents a $0.88 annualized dividend and a yield of 7.13%. The ex-dividend date is Wednesday, November 29th. This is an increase from Atrium Mortgage Investment’s previous monthly dividend of $0.07.
Atrium Mortgage Investment (TSE:AI) traded up C$0.03 during trading on Tuesday, hitting C$12.34. The stock had a trading volume of 31,049 shares, compared to its average volume of 37,440. Atrium Mortgage Investment has a 52 week low of C$11.20 and a 52 week high of C$12.50.
AI has been the topic of several research reports. TD Securities reaffirmed a “hold” rating and issued a C$12.50 target price on shares of Atrium Mortgage Investment in a research report on Wednesday, October 11th. Fundamental Research reaffirmed a “top pick” rating and issued a C$13.07 target price on shares of Atrium Mortgage Investment in a research report on Thursday, November 2nd.
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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