Paul Perrow Sells 20,000 Shares of CI Financial Corp. (TSE:CIX) Stock

CI Financial Corp. (TSE:CIX - Get Free Report) Director Paul Perrow sold 20,000 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of C$31.47, for a total value of C$629,414.00.

CI Financial Trading Down 0.1%

Shares of CIX traded down C$0.02 during midday trading on Friday, hitting C$31.44. 526,553 shares of the stock were exchanged, compared to its average volume of 628,596. The firm has a market cap of C$4.53 billion, a P/E ratio of -65.54, a P/E/G ratio of 0.04 and a beta of 1.67. The stock has a fifty day simple moving average of C$31.28 and a 200 day simple moving average of C$30.74. CI Financial Corp. has a 52-week low of C$13.87 and a 52-week high of C$31.65. The company has a debt-to-equity ratio of 506.88, a quick ratio of 0.17 and a current ratio of 0.32.

CI Financial Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 2.54%. CI Financial's dividend payout ratio (DPR) is presently -166.77%.

CI Financial Company Profile

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.