IGM Financial Inc. (OTCMKTS:IGIFF – Get Free Report) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 691,700 shares, a growth of 13.8% from the December 31st total of 607,800 shares. Based on an average daily trading volume, of 11,500 shares, the short-interest ratio is presently 60.1 days.
IGM Financial Stock Performance
IGIFF opened at $31.93 on Monday. IGM Financial has a twelve month low of $22.81 and a twelve month high of $33.94. The business has a 50 day moving average price of $32.26 and a 200 day moving average price of $30.50.
IGM Financial Cuts Dividend
The company also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 1st were paid a $0.4057 dividend. This represents a dividend yield of 5.07%. The ex-dividend date was Tuesday, December 31st. IGM Financial’s payout ratio is 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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