IGM Financial Inc. (OTCMKTS:IGIFF – Get Free Report) was the target of a significant decline in short interest in January. As of January 31st, there was short interest totalling 687,800 shares, a decline of 5.5% from the January 15th total of 727,500 shares. Based on an average trading volume of 6,400 shares, the short-interest ratio is presently 107.5 days.
IGM Financial Stock Up 2.2 %
IGM Financial stock opened at $31.53 on Tuesday. IGM Financial has a twelve month low of $22.81 and a twelve month high of $33.94. The stock’s fifty day simple moving average is $31.70 and its 200-day simple moving average is $30.73.
IGM Financial Cuts Dividend
The business also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 1st were issued a dividend of $0.4057 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a yield of 5.07%. IGM Financial’s dividend payout ratio (DPR) 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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