AI stock dividend – Atrium Mortgage Investment to Pay CA$0.075 Dividend in 2023.
March 22, 2023
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Atrium Mortgage Investment ($TSX:AI) announced that it will pay a dividend of CA$0.075 per share in 2023. The dividend will be paid to shareholders of record as of the close of business on the designated payment date, which is to be determined. As a result, shareholders can expect to see a steady increase in the value of their investments over the long term. The dividend payout also reflects Atrium Mortgage Investment’s strong balance sheet and its confidence in its ability to generate future earnings. Atrium Mortgage Investment is an industry leader in providing residential mortgage investment and portfolio services across Canada.
It has a portfolio of more than $2 billion in assets, with a focus on high-quality mortgages and private lending solutions. The company is well positioned to capitalize on the growth of the Canadian housing market and is committed to providing investors with strong returns and peace of mind. The payment of the dividend in 2023 is a significant milestone for Atrium Mortgage Investment and its shareholders, as it reflects the company’s commitment to creating long-term value for its investors.
Dividends – AI stock dividend
Atrium Mortgage Investment has issued annual dividend per share for the past three years at a rate of 0.9 CAD per share. This trend is expected to continue in 2023 as the company has announced a dividend payout of 0.075 CAD per share. This represents an average dividend yield of 7.43%.
For those investors looking for a reliable dividend payout, ATRIUM MORTGAGE INVESTMENT may be a good addition to their portfolio. With the steady rate of dividend yield, ATRIUM MORTGAGE INVESTMENT may be able to provide a stable income stream to supplement other investments.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for AI. More…
| Total Revenues | Net Income | Net Margin |
| – | 46.33 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for AI. More…
| Operations | Investing | Financing |
| 58.07 | -87.81 | 29.74 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for AI. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 874.78 | 399.22 | – |
Key Ratios Snapshot
Some of the financial key ratios for AI are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.1% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Market Price
Atrium Mortgage Investment Corporation has announced that it will pay a dividend of CA$0.075 in 2023, although news coverage of the company has been mostly negative at the time of writing. On Tuesday, ATRIUM MORTGAGE INVESTMENT stock opened at CA$12.2 and closed at CA$12.2, up by 1.2% from its prior closing price of 12.1. Investors have responded positively to this news, driving the stock price higher, although it remains to be seen how the dividend payment will affect investors’ return on their investments in future. Live Quote…
Analysis – AI Stock Intrinsic Value
At GoodWhale, we analyzed ATRIUM MORTGAGE INVESTMENT’s financials and came to the conclusion that its fair value is around CA$13.2. We use our proprietary Valuation Line to calculate the fair value of stocks, and we determined that ATRIUM MORTGAGE INVESTMENT stock is currently trading at a price of CA$12.2, which is undervalued by 7.7%. This presents an opportunity for investors who are looking to purchase a quality stock at a great price. More…
Peers
The company is engaged in the business of originating, underwriting, and funding first and second mortgages on residential and commercial properties. The company operates through its subsidiaries, Atrium Mortgage Corporation and Atrium Mortgage Investment Corporation. Atrium Mortgage Investment Corp competes with Firm Capital Mortgage Investment Corp, Timbercreek Financial Corp, Impac Mortgage Holdings Inc.
– Firm Capital Mortgage Investment Corp ($TSX:FC)
Firm Capital Mortgage Investment Corp is a Canadian mortgage investment company. The company is engaged in the business of originating, underwriting, and servicing residential and commercial mortgages. The company’s investment objectives are to provide stable and growing cash flow from its mortgage portfolio and to preserve and enhance shareholder equity.
– Timbercreek Financial Corp ($TSX:TF)
Timbercreek Financial Corp is a mortgage investment company that is headquartered in Toronto, Canada. The company was founded in 2006 and has a market capitalization of $651.04 million as of 2022. Timbercreek Financial Corp is a publicly traded company on the Toronto Stock Exchange (TSX:TF). The company invests in residential and commercial mortgages across Canada.
– Impac Mortgage Holdings Inc ($NYSEAM:IMH)
Impac Mortgage Holdings, Inc. operates as a real estate investment trust in the United States. The company, through its subsidiaries, originates, purchases, sells, and services residential and commercial mortgage loans. It also offers loss mitigation, asset management, and real estate brokerage services. The company was founded in 1995 and is headquartered in Irvine, California.
Summary
Atrium Mortgage Investment is a publicly traded company with shares listed on the Toronto Stock Exchange. It has recently announced that it will pay a dividend of CA$0.075 per share in 2023. Although the news coverage of the announcement has been mostly negative, an investing analysis of the company should consider the potential benefits of this dividend. The dividend could be appealing to investors seeking steady income from their investments.
In addition, the company’s portfolio of residential mortgage investments is likely to provide a steady stream of income for shareholders in the form of interest payments. Analysts should also consider whether the company has sufficient liquidity to meet its financial obligations, such as paying its dividend. Furthermore, investors should review the company’s historical financial performance to understand its risk profile and determine whether it is worth investing in. Finally, due to any potential changes in the economic and political landscape, investors should consider the company’s ability to adapt to any external factors affecting its financial performance.
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