IGM Financial Inc. (OTCMKTS:IGIFF – Get Free Report) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $28.71 and traded as high as $29.90. IGM Financial shares last traded at $29.90, with a volume of 495 shares traded.
IGM Financial Stock Down 1.8 %
The firm has a 50 day simple moving average of $28.71 and a 200-day simple moving average of $27.39.
IGM Financial Cuts Dividend
The company also recently announced a dividend, which will be paid on Thursday, October 31st. Shareholders 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 yield of 5.55%. IGM Financial’s dividend payout ratio (DPR) 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.
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