IGM Financial Inc. (IGM) Plans Quarterly Dividend of C$0.56

IGM Financial (TSE:IGM) declared a Quarterly dividend on Monday, December 29th, Analyst Ratings Network.com reports. Stockholders of record on Friday, January 30th will be given a dividend of 0.5625 per share on Friday, January 30th. This represents a yield of 5.15%. The ex-dividend date of this dividend is Monday, December 29th.

A number of research firms have recently commented on IGM. Analysts at BMO Capital Markets initiated coverage on shares of IGM Financial in a research note on Tuesday, December 16th. They set a “market perform” rating on the stock. On the ratings front, analysts at TD Securities raised their price target on shares of IGM Financial from C$50.00 to C$51.00 in a research note on Monday, November 10th. They now have a “hold” rating on the stock. Finally, analysts at National Bank Financial upgraded shares of IGM Financial from a “sector perform” rating to an “outperform” rating in a research note on Monday, November 10th. They now have a C$55.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of C$54.72.

Shares of IGM Financial (TSE:IGM) traded up 0.32% on Tuesday, hitting $46.35. 58,740 shares of the company’s stock traded hands. IGM Financial has a 52-week low of $42.11 and a 52-week high of $57.11. The stock has a 50-day moving average of $46.52 and a 200-day moving average of $48.71. The company has a market cap of $11.669 billion and a P/E ratio of 14.53.

IGM Financial Inc (TSE:IGM) is a Canada-based financial services company.

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