IGM Financial Inc. (OTCMKTS:IGIFF – Get Free Report) was the target of a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 607,800 shares, a decline of 11.1% from the November 30th total of 683,800 shares. Based on an average daily trading volume, of 18,000 shares, the short-interest ratio is presently 33.8 days.
IGM Financial Stock Performance
OTCMKTS:IGIFF opened at $31.96 on Wednesday. The business has a 50 day simple moving average of $32.31 and a 200 day simple moving average of $29.88. IGM Financial has a 12-month low of $22.81 and a 12-month high of $33.94.
IGM Financial Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 1st will be issued a $0.4057 dividend. The ex-dividend date is Tuesday, December 31st. This represents a dividend yield of 5.07%. 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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