ATRIUM MORTGAGE INVST CP - AMIVF STOCK NEWS

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Atrium Mortgage Investment Corporation (TSX: AI) is a non-bank provider of residential and commercial mortgages in major urban centers in Canada. With a focus on stability, Atrium's mortgage portfolio, valued at $875.6 million, consists of 95.5% first mortgages, with an average loan-to-value of 61.0%. Atrium's recent financial results highlight record earnings, a low-risk portfolio, and strategic provision increases to navigate market challenges.

The company's CEO, Rob Goodall, emphasizes a conservative lending approach, maintaining shareholder value and delivering stable dividends by lending within strict risk parameters. Atrium's resilience in the face of economic uncertainty, alongside its emphasis on liquidity and credit risk mitigation, positions it well for future growth and shareholder returns.

05/14/2024 05:00 PM

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Atrium Mortgage Investment Corporation Announces First Quarter Results with Strong Quarterly Net Income

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Atrium Mortgage Investment (TSX: AI) announced its financial results for Q1 2024, reporting a net income of $12.0 million, down 15.3% from the previous year. Basic and diluted EPS were $0.27. The mortgage portfolio grew to $886.1 million, a 4.8% increase compared to Q1 2023. The portfolio remained high quality, with 96.7% in first mortgages and an average loan-to-value of 64.0%. Revenues increased by 6.3% to $25.2 million, but the allowance for mortgage losses was raised to $24.9 million (2.81% of the portfolio). Despite a 4.8% portfolio growth, assets declined slightly from $877.9 million to $868.3 million, and mortgages receivable decreased to $867.1 million. The weighted average interest rate on the mortgage portfolio dropped marginally to 11.25% from 11.42%.

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05/02/2024 05:00 PM

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Atrium Mortgage Investment Corporation Announces May 2024 Dividend and Q1 2024 Investor Conference Call Details

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Atrium Mortgage Investment (TSX: AI) announced a dividend of $0.075 per common share for May 2024, payable on June 12, 2024. The company pays monthly dividends at an annual rate of $0.90 per share and offers a special dividend if declared dividends are less than taxable income. Financial results for Q1 2024 will be released on May 14, 2024, with a conference call scheduled for May 15, 2024. Atrium also offers a dividend reinvestment plan (DRIP) for shareholders.

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04/04/2024 05:00 PM

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Atrium Mortgage Investment Corporation Announces April 2024 Dividend

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Atrium Mortgage Investment (TSX: AI) declares a dividend of $0.075 per common share for April 2024, with a record date of April 30, 2024, and payment on May 10, 2024. The company offers a monthly dividend at an annual rate of $0.90 per share and a special year-end dividend if declared dividends are less than taxable income. Shareholders can participate in a dividend reinvestment plan (DRIP) at a 2% discount to reinvest dividends in new shares.

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03/05/2024 05:00 PM

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Atrium Mortgage Investment Corporation Announces March 2024 Dividend

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Atrium Mortgage Investment Corporation (AI) declares a dividend of $0.075 per share for March 2024, with an annual rate of $0.90 per share. Shareholders of record on March 29, 2024, will receive the payment on April 12, 2024. Atrium also offers a dividend reinvestment plan (DRIP) at a 2% discount from market price.

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02/15/2024 05:24 PM

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Atrium Mortgage Investment Corporation Announces Highest Annual Net Income in Its History and a Record Special Dividend

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Atrium Mortgage Investment Corporation (AMIVF) reports record earnings per share and net income for 2023, with a special dividend of $0.29 per share. The company's gross mortgage portfolio increased by 3.2% to $893.6 million. Atrium's high-quality mortgage portfolio consists of 94.6% first mortgages with an average loan-to-value of 61.4%. Richard Munroe has been promoted to President and COO. Financially, Atrium saw a 25.8% revenue increase and a net income rise of 11.1% from the prior year.

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02/02/2024 04:45 PM

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Atrium Mortgage Investment Corporation Announces February 2024 Dividend and 2023 Year End Investor Conference Call Details

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Atrium Mortgage Investment Corporation (TSX: AI) has declared a dividend of $0.075 per common share for February 2024, with an annual rate of $0.90 per share. They also offer a special dividend at year end if declared dividends are less than taxable income. The company will release its financial results for the year ended December 31, 2023 on February 15, 2024, with a conference call scheduled for February 16, 2024. Atrium also provides a dividend reinvestment plan (DRIP) at a 2% discount from market price and with no commissions, allowing shareholders to reinvest their dividends in new shares of Atrium.

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01/04/2024 05:00 PM

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Atrium Mortgage Investment Corporation Announces Its Monthly Regular Dividend

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Atrium Mortgage Investment Corporation (TSX: AI) announces its regular monthly dividend policy for 2024, with an annual rate of $0.90 per share and a monthly rate of $0.075 per share. The board of directors has declared a dividend for January 2024 of $0.075 per common share, payable on February 13, 2024, to shareholders of record on January 31, 2024. A special dividend will also be paid to shareholders of record on December 29, 2023, to distribute the surplus between taxable income for 2023 and previously distributed dividends. The amount of the special dividend will be announced when Atrium releases its 2023 year-end results on February 15, 2024. Atrium offers a dividend reinvestment plan (DRIP) that allows shareholders to reinvest their dividends in new shares at a 2% discount from market price and with no commissions, providing an easy way to realize the benefits of compound growth of their investment in Atrium.

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12/05/2023 05:00 PM

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Atrium Mortgage Investment Corporation Announces December 2023 Dividend

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Atrium Mortgage Investment Corporation (TSX: AI) declares a dividend of $0.075 per common share for December 2023, with a special dividend to be paid on February 29, 2024. Shareholders of record on December 29, 2023, are eligible. Atrium also offers a dividend reinvestment plan (DRIP) at a 2% discount from market price, providing an opportunity for compound growth.

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11/14/2023 05:00 PM

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Atrium Mortgage Investment Corporation Announces Solid Third Quarter Results with Record Mortgage Portfolio Balance

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Atrium Mortgage Investment Corporation (TSX: AI) released its financial results for the three and nine months ended September 30, 2023. The company reported a record year to date basic earnings per share of $0.91, up from $0.77 in the prior year. The mortgage portfolio reached a record high of $875.6 million at quarter end, with 95.5% in first mortgages and an average loan-to-value of 61.0%. Atrium increased its loan loss provisions to 203 basis points to recognize the continuing weakness in real estate markets. Despite challenging market conditions, the company remains focused on maintaining a resilient portfolio and expects the market to remain challenging over the coming quarters.

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11/03/2023 04:45 PM

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Atrium Mortgage Investment Corporation Announces November 2023 Dividend and Q3 2023 Investor Conference Call Details

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Atrium Mortgage Investment Corporation (TSX: AI) has declared a dividend of $0.075 per common share for November 2023, to be paid on December 12, 2023. The company pays monthly dividends at an annual rate of $0.90 per share. Atrium will release its financial results for the quarter ended September 30, 2023, on November 14, 2023.

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FAQ

What is the current stock price of ATRIUM MORTGAGE INVST CP (AMIVF)?

The current stock price of ATRIUM MORTGAGE INVST CP (AMIVF) is $8.24 as of October 8, 2024.

What is the market cap of ATRIUM MORTGAGE INVST CP (AMIVF)?

The market cap of ATRIUM MORTGAGE INVST CP (AMIVF) is approximately 384.7M.

What is Atrium Mortgage Investment Corporation's core business?

Atrium is a non-bank provider of residential and commercial mortgages in major urban centers in Canada.

What percentage of Atrium's mortgage portfolio consists of first mortgages?

Atrium's mortgage portfolio is comprised of 95.5% first mortgages.

What is the average loan-to-value ratio of Atrium's mortgage portfolio?

The average loan-to-value ratio of Atrium's mortgage portfolio is 61.0%.

Who is the CEO of Atrium Mortgage Investment Corporation?

The CEO of Atrium Mortgage Investment Corporation is Rob Goodall.

How does Atrium ensure shareholder value and stable dividends?

Atrium focuses on conservative lending practices and strategic risk management to protect shareholder equity and deliver secure dividends.

What is Atrium's approach to navigating market challenges?

Atrium emphasizes a low-risk lending strategy, maintains liquidity, and proactively increases provisions to address market uncertainties.

What is the current value of Atrium's mortgage portfolio?

Atrium's mortgage portfolio is valued at $875.6 million.

How does Atrium position itself for future growth?

Atrium's focus on stability, liquidity, and credit risk mitigation positions it well for future growth and shareholder returns.

What are the recent achievements of Atrium Mortgage Investment Corporation?

Atrium has reported record earnings, maintained a low-risk portfolio, and strategically increased provisions amidst market challenges.

What is Atrium's strategic focus to deliver shareholder value?

Atrium emphasizes conservative lending practices, stability, and strategic risk management to preserve shareholder equity and deliver stable dividends.