IGM Financial Inc. (OTCMKTS:IGIFF – Get Free Report) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 554,100 shares, a growth of 9.3% from the May 31st total of 506,800 shares. Based on an average daily trading volume, of 21,000 shares, the short-interest ratio is presently 26.4 days.
IGM Financial Stock Performance
IGM Financial stock opened at $27.69 on Tuesday. The business has a 50 day simple moving average of $26.82 and a 200-day simple moving average of $26.35. IGM Financial has a 12 month low of $22.14 and a 12 month high of $31.56.
IGM Financial Cuts Dividend
The company also recently announced a dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 1st will be paid a $0.4112 dividend. This represents a dividend yield of 6.12%. The ex-dividend date is Friday, June 28th. IGM Financial’s dividend payout ratio (DPR) is presently 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.
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