IGM Financial (IGIFF) Projected to Post Earnings on Thursday

IGM Financial (OTCMKTS:IGIFF) will likely be releasing its results before the market opens on Thursday, November 6th. Analysts expect IGM Financial to post earnings of $0.8090 per share and revenue of $691.3150 million for the quarter.

IGM Financial Stock Performance

Shares of OTCMKTS IGIFF opened at $38.81 on Thursday. The stock’s fifty day simple moving average is $36.80 and its 200 day simple moving average is $33.78. IGM Financial has a 52-week low of $25.75 and a 52-week high of $38.90.

IGM Financial Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, September 29th will be issued a dividend of $0.4087 per share. This is a positive change from IGM Financial’s previous dividend of $0.40. This represents a dividend yield of 441.0%. The ex-dividend date is Friday, September 26th. IGM Financial’s dividend payout ratio is presently 67.85%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on IGIFF shares. National Bankshares reiterated an “outperform” rating on shares of IGM Financial in a report on Monday. TD Securities reiterated a “buy” rating on shares of IGM Financial in a research note on Friday, August 8th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of IGM Financial in a research note on Friday, August 8th. Scotiabank reissued a “sector perform” rating on shares of IGM Financial in a research report on Tuesday. Finally, BMO Capital Markets reissued a “market perform” rating on shares of IGM Financial in a research report on Friday, August 8th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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.