Shares of IGM Financial Inc. (OTCMKTS:IGIFF – Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $34.55 and traded as high as $37.12. IGM Financial shares last traded at $37.11, with a volume of 867 shares trading hands.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the stock. Royal Bank Of Canada reiterated a “sector perform” rating on shares of IGM Financial in a research note on Friday, August 8th. BMO Capital Markets reiterated a “market perform” rating on shares of IGM Financial in a research note on Friday, August 8th. Scotiabank reiterated a “sector perform” rating on shares of IGM Financial in a research note on Thursday, August 7th. Finally, TD Securities restated a “buy” rating on shares of IGM Financial in a research note on Friday, August 8th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.
Get Our Latest Stock Report on IGIFF
IGM Financial Stock Performance
IGM Financial Increases Dividend
The business also recently declared a dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 29th will be paid a $0.4087 dividend. This is an increase from IGM Financial’s previous dividend of $0.40. The ex-dividend date is Friday, September 26th. This represents a yield of 441.0%. IGM Financial’s dividend payout ratio (DPR) is currently 67.85%.
About IGM Financial
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.
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