Dividends

Dividends

We currently pay dividends of $0.075 per common share every month, an annual rate of $0.90. The record date is the last business day of the month, and the dividend is paid on or about the 12th day of the following month. If you own shares on the record date, you will receive the dividend.

When we issue our annual financial results in February each year, we also declare a special dividend so that all of our earnings during the previous year that ended December 31 are paid out to our shareholders.

Under Section 130.1 of the Income Tax Act, taxable dividends paid to shareholders (other than capital gains dividends) are taxed as interest income. As a Mortgage Investment Corporation, we do not pay any income taxes, provided that we distribute all of our taxable income each year (and meet certain other requirements). In effect, we flow interest income that we earn on our investments in mortgages through to our shareholders.

We have an uninterrupted record of paying dividends since our inception in 2001. For the full years that Atrium has been listed on the Toronto Stock Exchange, our dividend record is shown below.

Dividends per share

Regular dividend Regular dividend annual rate Special dividend Total dividends
2023 $0.075 $0.90 $0.29 $1.19
2022 $0.075 $0.90 $0.23 $1.13
2021 $0.075 $0.90 $0.07 $0.97
2020 $0.075 $0.90 $0.02 $0.92
2019 $0.075 $0.90 $0.06 $0.96
2018 $0.075 $0.90 $0.04 $0.94
2017 $0.073333 $0.88 $0.04 $0.92
2016 $0.07167 $0.86 $0.10 $0.96
2015 $0.07000 $0.84 $0.09 $0.93
2014 $0.06833 $0.82 $0.07 $0.89
2013 $0.06666 $0.80 $0.05 $0.85