IGM Financial Inc. (OTCMKTS:IGIFF – Get Free Report) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 675,700 shares, an increase of 8.2% from the September 15th total of 624,400 shares. Based on an average daily trading volume, of 700 shares, the short-interest ratio is presently 965.3 days.
IGM Financial Stock Up 0.1 %
Shares of OTCMKTS:IGIFF traded up $0.04 during midday trading on Tuesday, reaching $30.35. The company had a trading volume of 546 shares, compared to its average volume of 10,140. The stock’s fifty day moving average price is $28.90 and its 200-day moving average price is $27.51. IGM Financial has a one year low of $22.14 and a one year high of $30.45.
IGM Financial Cuts Dividend
The business also recently declared a dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be paid a $0.4091 dividend. The ex-dividend date is Friday, September 27th. This represents a dividend yield of 5.55%. IGM Financial’s dividend payout ratio (DPR) 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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