Atrium Mortgage Investment Corporation Announces December 2022 Dividend
Atrium Mortgage Investment Corporation (AMIC) announced its December 2022 dividend on Tuesday, December 7th. The dividend is payable on December 31, 2022 to shareholders of record on December 14, 2022. The dividend will be paid in cash at a rate of $0.05 per share.
AMIC is a publicly traded mortgage Investment corporation (MIC) in Canada. The company's main business is to originate, acquire, and manage a portfolio of mortgage Investment in Canada. As a MIC, it provides investors with the opportunity to earn a steady stream of income from their Investment in Canadian residential mortgages.
AMIC's December 2022 dividend is part of its regular dividend program. The company has been paying regular dividends since its public listing in 2013. The company has also paid out special dividends on occasion, including a special dividend of $0.05 per share in both December 2020 and December 2021.
AMIC's dividend policy is to pay dividends at least equal to its earnings, subject to regulatory approval. The company's dividend policy also states that it will maintain an annual dividend payout ratio of at least 80%. This means that the company will pay out at least 80% of its earnings as dividends each year.
AMIC's dividend yield for December 2022 is currently estimated to be 4.2%. This is based on the company's current stock price of $1.20 per share and its estimated dividend payout of $0.05 per share.
