CI Financial Corp. (CIX) To Go Ex-Dividend on March 31st

CI Financial Corp. (TSE:CIX) announced a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Shareholders of record on Tuesday, April 15th will be paid a dividend of 0.20 per share on Tuesday, April 15th. This represents a $0.80 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Monday, March 31st.

CI Financial has raised its dividend by an average of 14.5% annually over the last three years.

CI Financial Stock Performance

CIX stock traded up C$0.01 during mid-day trading on Friday, reaching C$31.22. 404,998 shares of the stock traded hands, compared to its average volume of 723,513. The firm has a market capitalization of C$4.50 billion, a PE ratio of -65.08, a P/E/G ratio of 0.04 and a beta of 1.67. The business has a 50-day moving average of C$31.25 and a two-hundred day moving average of C$27.03. CI Financial has a 52 week low of C$13.87 and a 52 week high of C$31.48. The company has a quick ratio of 0.17, a current ratio of 0.32 and a debt-to-equity ratio of 506.88.

Wall Street Analysts Forecast Growth

Separately, Raymond James lowered CI Financial from a “moderate buy” rating to a “strong sell” rating in a report on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$27.94.

About CI Financial

CI Financial Corp. is a publicly owned asset management holding company. Through its subsidiaries, the firm manages separate client focused equity, fixed income, and alternative investments portfolios. It also manages mutual funds, hedge funds, and fund of funds for its clients through its subsidiaries.