IGM Financial Inc. (IGM) to Issue Quarterly Dividend of $0.56 on January 30th

IGM Financial Inc. (TSE:IGM) announced a quarterly dividend on Tuesday, December 30th, TickerTech Dividends reports. Shareholders of record on Friday, January 30th will be paid a dividend of 0.5625 per share by the financial services provider on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Tuesday, December 30th. This is a 0.1% increase from IGM Financial’s previous quarterly dividend of $0.56.

IGM Financial Trading Down 0.5%

Shares of IGM opened at C$62.31 on Friday. The business’s 50-day moving average price is C$57.29 and its 200-day moving average price is C$50.87. The stock has a market cap of C$14.69 billion, a PE ratio of 14.32, a P/E/G ratio of 4.09 and a beta of 1.06. IGM Financial has a twelve month low of C$38.89 and a twelve month high of C$63.50. The company has a quick ratio of 0.31, a current ratio of 3.61 and a debt-to-equity ratio of 97.24.

IGM Financial (TSE:IGM) last released its quarterly earnings results on Thursday, November 6th. The financial services provider reported C$1.27 earnings per share for the quarter. IGM Financial had a net margin of 27.93% and a return on equity of 12.76%. The firm had revenue of C$971.88 million for the quarter. On average, equities analysts forecast that IGM Financial will post 4.006816 EPS for the current fiscal year.

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. IGM Financial had CAD 225.6 billion in assets under management, or AUM, and CAD 30.1 billion in assets under advisement at the end of May 2022.