IGM Financial Inc. (OTCMKTS:IGIFF – Get Free Report) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $29.39 and traded as high as $30.02. IGM Financial shares last traded at $30.02, with a volume of 456 shares changing hands.
IGM Financial Stock Performance
The stock’s 50-day moving average is $29.48 and its 200-day moving average is $27.80.
IGM Financial Cuts Dividend
The firm also recently declared a dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be paid a dividend of $0.4091 per share. This represents a dividend yield of 5.55%. The ex-dividend date of this dividend is Friday, September 27th. IGM Financial’s dividend 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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