CI Financial Corp. (NYSE:CIXXF – Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $16.93, but opened at $16.41. CI Financial shares last traded at $16.41, with a volume of 312 shares.
CI Financial Trading Down 2.4 %
The business has a 50 day moving average of $14.80 and a 200-day moving average of $12.57. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 3.53. The firm has a market capitalization of $2.38 billion, a P/E ratio of -67.72 and a beta of 1.31.
CI Financial Cuts Dividend
The firm also recently declared a dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.1471 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a dividend yield of 4.37%. CI Financial’s dividend payout ratio is currently -235.99%.
About CI Financial
CI Financial Corp. is a publicly owned asset management holding company. Through its subsidiaries, the firm manages separate client focused equity, fixed income, and alternative investments portfolios. It also manages mutual funds, hedge funds, and fund of funds for its clients through its subsidiaries.
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