IGM Financial Inc. (OTCMKTS:IGIFF) Short Interest Up 10.3% in April

IGM Financial Inc. (OTCMKTS:IGIFF) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 657,200 shares, a growth of 10.3% from the March 31st total of 595,600 shares. Based on an average trading volume of 1,600 shares, the days-to-cover ratio is presently 410.8 days.

IGM Financial Trading Up 1.6 %

OTCMKTS IGIFF opened at $25.45 on Thursday. IGM Financial has a 12 month low of $22.14 and a 12 month high of $31.56. The company’s fifty day moving average price is $25.56 and its two-hundred day moving average price is $25.44.

IGM Financial Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th were issued a $0.4167 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from IGM Financial’s previous dividend of $0.41. This represents a dividend yield of 6.51%. IGM Financial’s payout ratio is 67.85%.

IGM Financial Company Profile

IGM Financial Inc operates as a wealth and asset management company in Canada. It operates through Wealth Management and Asset Management segments. The Wealth Management segment offers investments that are focused on providing financial planning and related services; and provides mutual fund management and discretionary portfolio management services.