IGM Financial Inc. (OTCMKTS:IGIFF – Get Free Report) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totalling 624,400 shares, an increase of 12.2% from the August 31st total of 556,400 shares. Based on an average daily trading volume, of 500 shares, the short-interest ratio is currently 1,248.8 days.
IGM Financial Trading Down 2.0 %
Shares of OTCMKTS IGIFF opened at $29.80 on Tuesday. The firm’s 50 day moving average price is $28.47 and its 200-day moving average price is $27.20. IGM Financial has a 52-week low of $22.14 and a 52-week high of $30.45.
IGM Financial Cuts Dividend
The company also recently announced a dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be paid a $0.4091 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a dividend yield of 5.55%. IGM Financial’s dividend payout ratio is presently 67.85%.
IGM Financial Company Profile
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.
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