Canaccord Genuity Group Inc. (TSE:CF) Declares Quarterly Dividend of $0.10

Key Points

• Canaccord Genuity Group declared a quarterly dividend of C$0.10 per share, representing an annualized yield of approximately 2.8%. The ex-dividend date and record date are August 28 and September 10, respectively.
• The company reported quarterly revenue of C$577.43 million and earnings of C$0.36 per share, but posted a negative net margin of 3.95% and negative return on equity of 12.68%.
• Shares recently traded at C$14.37, within a 52-week range of C$9.86 to C$15.55. Director Donald Duncan Macfayden sold 20,000 shares for approximately C$291,800, reducing his holdings by 12.37%.

Canaccord Genuity Group Inc. (TSE:CF - Get Free Report) declared a quarterly dividend on Friday, August 28th, TickerTech Dividends reports. Stockholders of record on Thursday, September 10th will be given a dividend of 0.10 per share by the financial services provider on Thursday, September 10th. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, August 28th.

Canaccord Genuity Group Stock Performance

Shares of CF stock traded down C$0.16 during trading on Wednesday, reaching C$14.37. 127,626 shares of the company's stock traded hands, compared to its average volume of 210,071. Canaccord Genuity Group has a 1 year low of C$9.86 and a 1 year high of C$15.55. The firm's 50-day moving average is C$14.58 and its 200 day moving average is C$13.25. The company has a current ratio of 8.03, a quick ratio of 1.05 and a debt-to-equity ratio of 179.85. The company has a market capitalization of C$1.48 billion, a P/E ratio of -13.69, a PEG ratio of 0.54 and a beta of 1.35.

Canaccord Genuity Group (TSE:CF - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The financial services provider reported C$0.36 earnings per share (EPS) for the quarter. Canaccord Genuity Group had a negative return on equity of 12.68% and a negative net margin of 3.95%.The company had revenue of C$577.43 million for the quarter. Equities research analysts expect that Canaccord Genuity Group will post 0.8618357 EPS for the current year.

Insider Activity

In related news, Director Donald Duncan Macfayden sold 20,000 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of C$14.59, for a total value of C$291,800.00. Following the transaction, the director owned 141,705 shares of the company's stock, valued at C$2,067,475.95. This represents a 12.37% decrease in their ownership of the stock. Insiders own 4.61% of the company's stock.

About Canaccord Genuity Group

Canaccord Genuity Group Inc, a full-service financial services company, provides investment products, and investment banking and brokerage services to institutional, corporate, and private clients. It operates in two segments, Canaccord Genuity Capital Markets and Canaccord Genuity Wealth Management. The Canaccord Genuity Capital Markets segment offers investment banking, advisory, research, merger and acquisition, sales, and trading services. The Canaccord Genuity Wealth Management segment provides wealth management solutions, and brokerage and financial planning services to individual investors, private clients, charities, and intermediaries.

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