IGM Financial Inc. (OTCMKTS:IGIFF) Short Interest Update

IGM Financial Inc. (OTCMKTS:IGIFF) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 607,800 shares, a decline of 11.1% from the November 30th total of 683,800 shares. Based on an average daily trading volume, of 18,000 shares, the days-to-cover ratio is currently 33.8 days.

IGM Financial Price Performance

OTCMKTS IGIFF traded up $0.04 during trading on Monday, reaching $32.09. The company’s stock had a trading volume of 582 shares, compared to its average volume of 11,028. The business has a 50-day moving average price of $32.28 and a 200-day moving average price of $29.85. IGM Financial has a 1-year low of $22.81 and a 1-year high of $33.94.

IGM Financial Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 1st will be issued a dividend of $0.4057 per share. This represents a dividend yield of 5.07%. The ex-dividend date of this dividend is Tuesday, December 31st. IGM Financial’s dividend payout ratio is 67.85%.

IGM Financial Company Profile

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.