IGM Financial Inc. (TSE:IGM) Announces $0.56 Quarterly Dividend

Key Points

• IGM Financial Inc. announced a quarterly dividend of $0.56 per share, payable on October 31st to investors recorded by September 26th, resulting in an annualized yield of 4.8%.
• As of the announcement, IGM's stock price was C$46.36 with a trading volume of 183,261 shares, showing a decrease of C$0.11.
• IGM Financial is recognized as the largest non-bank-affiliated asset manager in Canada, part of the Power Financial group that includes well-known companies like Great-West Life and London Life.

IGM Financial Inc. (TSE:IGM - Get Free Report) announced a quarterly dividend on Wednesday, August 6th, RTT News reports. Investors of record on Friday, September 26th will be given a dividend of 0.562 per share by the financial services provider on Friday, October 31st. This represents a c) annualized dividend and a yield of 4.8%.

IGM Financial Stock Performance

IGM traded down C$0.11 during trading hours on Wednesday, hitting C$46.36. The company's stock had a trading volume of 183,261 shares, compared to its average volume of 306,498. IGM Financial has a fifty-two week low of C$35.33 and a fifty-two week high of C$47.96. The company has a current ratio of 3.61, a quick ratio of 0.31 and a debt-to-equity ratio of 97.24. The firm has a market capitalization of C$11.05 billion, a PE ratio of 11.88, a PEG ratio of 4.09 and a beta of 1.53. The company has a 50-day simple moving average of C$43.96 and a 200 day simple moving average of C$44.00.

About IGM Financial

IGM Financial is the largest non-bank-affiliated asset manager in Canada. The firm is part of the Power Financial group of companies, which includes Great-West Life, London Life, Canada Life, and Putnam Investments. IGM has two main operating divisionsasset management (operated through Mackenzie Investments) and wealth management (via its Investors Group Wealth Management and Investment Planning Counsel subsidiaries)that provide investment management products and services.

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