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TORONTO, April 8, 2014 (GLOBE NEWSWIRE) -- Atrium Mortgage Investment Corporation (TSX:AI) announces that its board of directors has declared regular monthly dividends for April, May and June 2014. The monthly dividends continue at an annual rate of $0.82, as shown below.
Dividend payable date
Dividend amount per share
April 30, 2014
May 13, 2014
May 30, 2014
June 13, 2014
June 30, 2014
July 14, 2014
Mr. Rob Goodall, CEO of Atrium noted, "Our regular dividend represents an annual distribution of 8.2% of book value. In addition, we expect to continue to pay a special dividend to shareholders of record at year-end to top-up the total dividends so that they equal our earnings in the year."
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 2% discount from market price and with no commissions. This provides shareholders with an easy way to realize the benefits of compound growth of their investment in Atrium. Shareholders can enroll in the DRIP program by contacting their investment advisor.
About AtriumCanada'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.