Short Interest in IGM Financial Inc. (OTCMKTS:IGIFF) Decreases By 6.1%

IGM Financial Inc. (OTCMKTS:IGIFF) was the target of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 683,800 shares, a decrease of 6.1% from the November 15th total of 728,200 shares. Based on an average daily trading volume, of 40,800 shares, the days-to-cover ratio is presently 16.8 days.

IGM Financial Stock Down 1.6 %

IGM Financial stock opened at $33.11 on Tuesday. IGM Financial has a 52-week low of $22.81 and a 52-week high of $33.94. The company has a fifty day simple moving average of $31.92 and a 200-day simple moving average of $29.50.

IGM Financial Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were issued a dividend of $0.4091 per share. This represents a dividend yield of 5.55%. The ex-dividend date was Friday, September 27th. IGM Financial’s payout ratio is 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.