CI Financial Corp. (TSE:CIX) Plans Quarterly Dividend of $0.20

CI Financial Corp. (TSE:CIX) announced a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Stockholders of record on Tuesday, April 15th will be paid a dividend of 0.20 per share on Tuesday, April 15th. This represents a $0.80 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Monday, March 31st.

CI Financial has raised its dividend payment by an average of 14.5% annually over the last three years.

CI Financial Price Performance

CIX stock traded up C$0.01 during trading on Friday, hitting C$31.22. The stock had a trading volume of 404,998 shares, compared to its average volume of 723,513. The company has a debt-to-equity ratio of 506.88, a current ratio of 0.32 and a quick ratio of 0.17. The company’s 50-day moving average price is C$31.25 and its two-hundred day moving average price is C$27.03. The stock has a market capitalization of C$4.50 billion, a P/E ratio of -65.08, a PEG ratio of 0.04 and a beta of 1.67. CI Financial has a twelve month low of C$13.87 and a twelve month high of C$31.48.

Wall Street Analysts Forecast Growth

Separately, Raymond James downgraded CI Financial from a “moderate buy” rating to a “strong sell” rating in a research report on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$27.94.

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.