CI Financial Corp. (NYSE:CIXXF – Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $17.08, but opened at $17.97. CI Financial shares last traded at $17.07, with a volume of 1,468 shares traded.
CI Financial Trading Up 1.3 %
The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 3.53. The company has a fifty day simple moving average of $14.97 and a 200-day simple moving average of $12.64. The company has a market capitalization of $2.50 billion, a PE ratio of -51.76 and a beta of 1.31.
CI Financial Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.1471 dividend. This represents a dividend yield of 4.37%. The ex-dividend date of this dividend was Friday, September 27th. CI Financial’s payout ratio is -178.78%.
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.
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