CI Financial Corp. (NYSE:CIXXF – Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $17.99 and last traded at $17.12, with a volume of 3292 shares changing hands. The stock had previously closed at $17.25.
CI Financial Trading Down 1.5 %
The company has a debt-to-equity ratio of 3.53, a quick ratio of 0.34 and a current ratio of 0.34. The business has a fifty day simple moving average of $14.72 and a 200 day simple moving average of $12.54. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 6.88 and a beta of 1.31.
CI Financial Cuts Dividend
The company also recently disclosed a dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.1471 dividend. This represents a yield of 4.37%. The ex-dividend date of this dividend was Friday, September 27th. CI Financial’s dividend payout ratio is -235.99%.
About CI Financial
CI Financial Corp. is a publicly owned asset management holding company. Through its subsidiaries, the firm manages separate client focused equity, fixed income, and alternative investments portfolios. It also manages mutual funds, hedge funds, and fund of funds for its clients through its subsidiaries.
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