IGM Financial Inc. (OTCMKTS:IGIFF – Get Free Report) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 657,200 shares, a growth of 10.3% from the March 31st total of 595,600 shares. Based on an average daily volume of 1,600 shares, the days-to-cover ratio is currently 410.8 days.
IGM Financial Stock Performance
IGIFF stock opened at $25.04 on Wednesday. IGM Financial has a 1 year low of $22.14 and a 1 year high of $31.56. The business has a 50 day simple moving average of $25.57 and a 200-day simple moving average of $25.44.
IGM Financial Increases Dividend
The business also recently disclosed a dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.4167 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a yield of 6.51%. This is a positive change from IGM Financial’s previous dividend of $0.41. IGM Financial’s payout ratio 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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