IGM Financial Inc. (OTCMKTS:IGIFF) Short Interest Down 6.2% in July

IGM Financial Inc. (OTCMKTS:IGIFF) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 504,200 shares, a decrease of 6.2% from the July 15th total of 537,700 shares. Based on an average trading volume of 1,000 shares, the days-to-cover ratio is presently 504.2 days.

IGM Financial Stock Up 0.5 %

OTCMKTS IGIFF opened at $28.18 on Wednesday. IGM Financial has a 1-year low of $22.14 and a 1-year high of $28.78. The firm’s fifty day simple moving average is $27.65 and its 200-day simple moving average is $26.67.

IGM Financial Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, July 1st were given a dividend of $0.4112 per share. This represents a yield of 6.12%. The ex-dividend date was Friday, June 28th. IGM Financial’s payout ratio is 67.85%.

About IGM Financial

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.