Peter Cheung

Cover-All has been working with leading Canadian businesses for over 25 years to develop strategic technology roadmaps to help them achieve their goals. Read our Free Guide to Maximizing your Technology Investments > https://lnkd.in/eiND-AR. #technologystrategy #technology #cloudcomputing #itinfrastructure #itmodernization #cloudservices #utilityindustry #energyindustry #insuranceindustry #naturalresources #steelmanufacturing #financialservicesindustry

IGM Financial Inc. (IGM) to Issue Quarterly Dividend of $0.56 on October 31st by Defense World Staff via Defense World ([Global] oracle cloud) URL: https://ift.tt/3xg5hkH IGM Financial Inc. (TSE:IGM – Get Free Report) announced a quarterly dividend on Friday, September 27th, Zacks reports. Stockholders of record on Thursday, October 31st will be given a dividend of 0.563 per share by the financial services provider on Thursday, October 31st. This represents a $2.25 annualized dividend and a dividend yield of 5.55%. The ex-dividend date of this dividend is Friday, September 27th. IGM Financial Stock Performance TSE IGM opened at C$40.57 on Wednesday. The business’s 50-day moving average price is C$38.58 and its 200 day moving average price is C$36.98. The company has a current ratio of 2.12, a quick ratio of 0.31 and a debt-to-equity ratio of 35.99. IGM Financial has a twelve month low of C$30.34 and a twelve month high of C$40.61. The company has a market capitalization of C$9.60 billion, a PE ratio of 11.43, a price-to-earnings-growth ratio of 4.09 and a beta of 1.54. IGM Financial (TSE:IGM – Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The financial services provider reported C$0.93 earnings per share for the quarter, missing the consensus estimate of C$0.95 by C($0.02). The company had revenue of C$816.31 million for the quarter, compared to analysts’ expectations of C$826.00 million. IGM Financial had a return on equity of 12.80% and a net margin of 29.47%. On average, research analysts predict that IGM Financial will post 4.0287984 earnings per share for the current year. Wall Street Analyst Weigh In IGM has been the topic of a number of research analyst reports. BMO Capital Markets reduced their target price on IGM Financial from C$40.00 to C$39.00 in a report on Friday, August 9th. Scotiabank lifted their price objective on IGM Financial from C$45.00 to C$46.00 in a research note on Wednesday, July 24th. National Bankshares increased their target price on shares of IGM Financial from C$46.00 to C$47.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Jefferies Financial Group boosted their price objective on shares of IGM Financial from C$38.00 to C$39.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Finally, Royal Bank of Canada raised their target price on shares of IGM Financial from C$46.00 to C$47.00 in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, IGM Financial presently has an average rating of “Moderate Buy” and an average price target of C$43.71. Get Our Latest Report on IGM Financial IGM Financial Company Profile (Get Free Report) IGM Financial Inc operates as a wealth and asset management company in Canada. It operates through Wealth Management and...