Short Interest in IGM Financial Inc. (OTCMKTS:IGIFF) Decreases By 6.1%

IGM Financial Inc. (OTCMKTS:IGIFF) was the recipient of a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 683,800 shares, a decline of 6.1% from the November 15th total of 728,200 shares. Based on an average daily volume of 40,800 shares, the short-interest ratio is presently 16.8 days.

IGM Financial Trading Down 1.6 %

IGIFF opened at $33.11 on Tuesday. The firm has a fifty day moving average price of $31.92 and a 200 day moving average price of $29.50. IGM Financial has a 1 year low of $22.81 and a 1 year high of $33.94.

IGM Financial Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were given a dividend of $0.4091 per share. This represents a yield of 5.55%. The ex-dividend date of this dividend was Friday, September 27th. 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.