Atrium Mortgage Investment Corporation Announces August 2024 Dividend and Q2 2024 Investor Conference Call Details
Rhea-AI Summary
Atrium Mortgage Investment (TSX: AI) has announced its August 2024 dividend and Q2 2024 investor conference call details. The company's board of directors has declared a dividend of $0.075 per common share for August 2024, payable on September 12, 2024, to shareholders of record on August 30, 2024. Atrium currently pays monthly dividends at an annual rate of $0.90 per share, with an additional special dividend at year-end if declared dividends are less than taxable income.
The company will release its Q2 2024 financial results on August 8, 2024, followed by a conference call with management on August 9, 2024, at 9:00 a.m. ET. Atrium also offers a dividend reinvestment plan (DRIP) allowing shareholders to reinvest dividends in new shares at a 2% discount from market price with no commissions.
Positive
- Consistent monthly dividend of $0.075 per share
- Annual dividend rate of $0.90 per share
- Potential for additional special dividend at year-end
- Dividend reinvestment plan (DRIP) offered with 2% discount and no commissions
Negative
- None.
News Market Reaction
On the day this news was published, AMIVF declined NaN%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Toronto, Ontario--(Newsfile Corp. - August 1, 2024) - Atrium Mortgage Investment Corporation (TSX: AI) is pleased to announce that its board of directors has declared a dividend for the month of August 2024 of
Atrium pays monthly dividends currently at an annual rate of
Atrium Mortgage Investment Corporation will be releasing its financial results for the quarter ended June 30, 2024 at the end of the day on Thursday, August 8, 2024.
Interested parties are invited to participate in a conference call with management on Friday, August 9, 2024 at 9:00 a.m. ET to discuss the results.
To participate or listen to the conference call live, please call 1 (833) 491-0507 (Call topic: Second quarter results). For a replay of the conference call (available until August 22, 2024) please call 1 (833) 607-0619, passcode: 5756717#.
Shareholders are reminded that Atrium offers a dividend reinvestment plan (DRIP) that allows them to automatically reinvest their dividends in new shares of Atrium at a
About Atrium
Canada's Premier Non-Bank Lender™
Atrium is a non-bank provider of residential and commercial mortgages that lends in major urban centres in Canada where the stability and liquidity of real estate are high. Atrium's objectives are to provide its shareholders with stable and secure dividends and preserve shareholders' equity by lending within conservative risk parameters.
Atrium is a Mortgage Investment Corporation (MIC) as defined in the Canada Income Tax Act, so is not taxed on income provided that its taxable income is paid to its shareholders in the form of dividends within 90 days after December 31 each year. Such dividends are generally treated by shareholders as interest income, so that each shareholder is in the same position as if the mortgage investments made by the company had been made directly by the shareholder. For further information, please refer to regulatory filings available at www.sedarplus.ca or Atrium's website at www.atriummic.com.
For additional information, please contact
Robert G. Goodall
Chief Executive Officer
John Ahmad
Chief Financial Officer
(416) 867-1053
info@atriummic.com
www.atriummic.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/218529
FAQ
What is Atrium Mortgage Investment 's dividend for August 2024?
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Does Atrium Mortgage Investment offer a dividend reinvestment plan (DRIP)?
