IGM Financial Inc. (OTCMKTS:IGIFF) Sees Significant Increase in Short Interest

IGM Financial Inc. (OTCMKTS:IGIFF) saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 657,200 shares, a growth of 10.3% from the March 31st total of 595,600 shares. Based on an average trading volume of 1,600 shares, the days-to-cover ratio is presently 410.8 days.

IGM Financial Price Performance

OTCMKTS IGIFF opened at $25.15 on Tuesday. The business has a 50 day simple moving average of $25.59 and a 200 day simple moving average of $25.44. IGM Financial has a 52-week low of $22.14 and a 52-week high of $31.56.

IGM Financial Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be issued a $0.4167 dividend. This represents a dividend yield of 6.51%. The ex-dividend date of this dividend is Wednesday, March 27th. This is a boost from IGM Financial’s previous dividend of $0.41. IGM Financial’s dividend payout ratio is 67.85%.

IGM Financial Company Profile

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.