CI Financial Corp. Announces Quarterly Dividend of $0.20 (TSE:CIX)

CI Financial Corp. (TSE:CIX) declared a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Shareholders of record on Tuesday, April 15th will be paid a dividend of 0.20 per share on Tuesday, April 15th. This represents a $0.80 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Monday, March 31st.

CI Financial has increased its dividend payment by an average of 14.5% per year over the last three years.

CI Financial Price Performance

Shares of CIX stock traded up C$0.01 during trading hours on Friday, hitting C$31.22. The company had a trading volume of 404,998 shares, compared to its average volume of 723,513. CI Financial has a 12 month low of C$13.87 and a 12 month high of C$31.48. The company has a debt-to-equity ratio of 506.88, a quick ratio of 0.17 and a current ratio of 0.32. The firm’s fifty day moving average is C$31.25 and its 200 day moving average is C$27.03. The firm has a market capitalization of C$4.50 billion, a price-to-earnings ratio of -65.08, a PEG ratio of 0.04 and a beta of 1.67.

Wall Street Analysts Forecast Growth

Separately, Raymond James cut CI Financial from a “moderate buy” rating to a “strong sell” rating in a research report on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$27.94.

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.