Group 1 - Atrium Mortgage Investment Corporation declared a dividend of $0.075 per common share for November 2024, payable on December 12, 2024, to shareholders of record on November 29, 2024 [1] - The company currently pays monthly dividends at an annual rate of $0.90 per share, with a potential special dividend at year-end if declared dividends are less than taxable income for the fiscal year [2] - Atrium will release its financial results for Q3 2024 on November 13, 2024, and will hold a conference call on November 14, 2024, to discuss these results [3] Group 2 - Atrium offers a Dividend Reinvestment Plan (DRIP) that allows shareholders to reinvest dividends in new shares at a 2% discount from market price, facilitating compound growth of their investment [4] - Atrium is classified as a Mortgage Investment Corporation (MIC) under the Canada Income Tax Act, allowing it to avoid taxation on income as long as taxable income is distributed to shareholders as dividends within 90 days after year-end [6] - The company focuses on providing stable and secure dividends while preserving shareholders' equity by lending within conservative risk parameters in major urban centers in Canada [5]
Atrium Mortgage Investment Corporation Announces November 2024 Dividend and Q3 2024 Investor Conference Call Details