IGM Financial Inc. (OTCMKTS:IGIFF – Get Free Report)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $29.91 and traded as high as $31.91. IGM Financial shares last traded at $31.82, with a volume of 621 shares trading hands.
IGM Financial Stock Performance
The company has a 50 day simple moving average of $29.91 and a 200 day simple moving average of $28.25.
IGM Financial Cuts Dividend
The business also recently announced a dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were paid a dividend of $0.4091 per share. The ex-dividend date was Friday, September 27th. This represents a dividend yield of 5.55%. IGM Financial’s payout ratio is presently 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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