Industrial Alliance Insur. & Fin. Ser. (IAG) Announces Quarterly Dividend of $0.38

Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) announced a quarterly dividend on Thursday, March 1st, TickerTech reports. Investors of record on Thursday, March 15th will be given a dividend of 0.38 per share on Thursday, March 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Thursday, March 1st.

Shares of Industrial Alliance Insur. & Fin. Ser. (IAG) opened at C$55.64 on Friday. The stock has a market capitalization of $5,940.00, a PE ratio of 11.57 and a beta of 0.78. Industrial Alliance Insur. & Fin. Ser. has a 12-month low of C$48.74 and a 12-month high of C$62.01.

A number of analysts recently issued reports on IAG shares. BMO Capital Markets downgraded Industrial Alliance Insur. & Fin. Ser. from an “outperform” rating to a “market perform” rating and lowered their target price for the company from C$66.00 to C$63.00 in a research report on Friday, February 16th. Royal Bank of Canada lifted their target price on Industrial Alliance Insur. & Fin. Ser. from C$65.00 to C$66.00 and gave the company a “sector perform” rating in a research report on Friday, February 16th. CSFB lifted their target price on Industrial Alliance Insur. & Fin. Ser. from C$57.00 to C$60.00 in a research report on Wednesday, November 1st. Scotiabank lifted their target price on Industrial Alliance Insur. & Fin. Ser. from C$66.00 to C$67.00 and gave the company a “sector perform” rating in a research report on Thursday, November 9th. Finally, National Bank Financial lifted their target price on Industrial Alliance Insur. & Fin. Ser. from C$61.00 to C$64.00 and gave the company an “outperform” rating in a research report on Thursday, November 9th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of C$64.86.

In related news, insider Michel Tremblay sold 10,000 shares of Industrial Alliance Insur. & Fin. Ser. stock in a transaction dated Monday, December 4th. The stock was sold at an average price of C$60.20, for a total transaction of C$602,000.00. Insiders have sold 25,000 shares of company stock valued at $1,506,500 in the last quarter.

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Industrial Alliance Insur. & Fin. Ser. Company Profile

Industrial Alliance Insurance and Financial Services Inc is a Canada-based company, which offers a range of life and health insurance products, savings and retirement plans, mutual funds, securities, auto and home insurance, mortgage loans, and other financial products and services. The Company’s segments include Individual Insurance, which includes life, health, disability and mortgage insurance products; Individual Wealth Management, which includes individual products and services for savings plans, retirement funds and segregated funds, as well as securities brokerage, trust operations and mutual funds; Group Insurance, which includes life, health, accidental death and dismemberment, creditor insurance, replacement warranties and extended warranties, and specialized products for special markets solutions; Group Savings and Retirement, which includes retirement funds and segregated funds, and Other, which includes auto and home insurance products, asset management and financing.

Dividend History for Industrial Alliance Insur. & Fin. Ser. (TSE:IAG)

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