Highlights

• Atrium set its regular 2027 Dividend at C$0.93 per share, paid as C$0.0775 every month.

• Twelve regular monthly payments over the past year total C$0.93, an 8.24% trailing Yield on the close.

• Third-quarter Net Income fell 11.6% to C$10.5 million, and Earnings Per Share slipped to C$0.22.

• The Mortgage portfolio reached C$869.1 million at quarter end, with an average loan-to-value ratio of 63.2%.

Is a lender's monthly cheque only as sturdy as the loans behind it? Atrium Mortgage Investment Corporation (TSX:AI) holds a portfolio of mortgages secured on real estate, and its shareholders are paid every month from what that book earns.

With third-quarter results on 5 November 2026, the board kept the regular annual dividend for 2027 unchanged at C$0.93 per share, paid as C$0.0775 a month, and declared the January, February and March 2027 payments. Each monthly dividend remains subject to board approval.

Trailing and indicated yields

Shares closed at C$11.29 on 10 November 2026. Twelve regular payments of C$0.0775 went ex between late November 2025 and the end of October 2026, totalling C$0.93 and producing a trailing yield of 8.24%. The indicated yield, which annualises the current monthly rate, is the same. The 2027 rate matches the regular rate paid through 2026, leaving the monthly cheque unchanged.

The October dividend was paid on 10 November, and November and December 2026 payments were already declared, with record dates of 30 November and 31 December. Dividend records show an additional amount of roughly C$0.10 attached to December 2025; it is treated as a special and kept out of both yields.

Earnings dipped in the quarter

Net income for the three months to 30 September fell 11.6% to C$10.5 million, and earnings per share eased to C$0.22 from C$0.25. Revenue declined 11.0% to C$18.7 million. Over nine months, net income fell 7.2% to C$34.3 million, and earnings per share came in at C$0.71 compared with C$0.78 a year earlier.

The release sets those figures beside the dividend: third-quarter earnings per share of C$0.22 fell short of the C$0.2325 in regular dividends declared for the quarter, while nine-month earnings per share of C$0.71 exceeded the C$0.6975 paid over the same period.

Portfolio and credit

The mortgage book stood at C$869.1 million at 30 September, up from C$860.1 million in June but below C$917.1 million at the end of 2025. Management is targeting roughly C$900 million by year end.

The weighted average Interest Rate on the portfolio eased to 8.64% from 8.98% at the end of 2025, while the average loan-to-value ratio rose to 63.2% from 61.4%. Borrowing on the Credit Facility cost 4.68% in the quarter, well below that lending rate. The allowance for credit losses was C$31.0 million, or 3.57% of the gross portfolio. Index-fund holdings dated 25 September 2026 place the shares in the S&P/TSX SmallCap Index.