CI Financial Corp. (CIX) to Issue Quarterly Dividend of $0.18 on October 15th

CI Financial Corp. (TSE:CIX) announced a quarterly dividend on Tuesday, September 28th, TickerTech reports. Stockholders of record on Friday, October 15th will be paid a dividend of 0.18 per share on Friday, October 15th. This represents a $0.72 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Tuesday, September 28th.

CIX traded up C$0.04 during trading on Monday, hitting C$26.36. The company’s stock had a trading volume of 348,114 shares, compared to its average volume of 877,616. The firm’s 50 day moving average price is C$24.37 and its 200-day moving average price is C$22.08. The company has a debt-to-equity ratio of 214.03, a current ratio of 1.21 and a quick ratio of 0.63. The stock has a market cap of C$5.31 billion and a PE ratio of 11.57. CI Financial has a twelve month low of C$14.91 and a twelve month high of C$26.99.

CI Financial (TSE:CIX) last announced its quarterly earnings results on Tuesday, August 10th. The company reported C$0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.75 by C($0.01). The company had revenue of C$662.43 million during the quarter. Equities analysts anticipate that CI Financial will post 3.4200001 earnings per share for the current year.

A number of research analysts recently commented on CIX shares. Keefe, Bruyette & Woods raised their price objective on shares of CI Financial to C$29.00 in a research note on Wednesday, August 11th. TD Securities raised their price target on shares of CI Financial from C$24.00 to C$26.00 and gave the company a “na” rating in a report on Thursday, July 15th. Royal Bank of Canada raised their price target on shares of CI Financial to C$30.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 11th. Scotiabank boosted their target price on shares of CI Financial from C$24.00 to C$26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 20th. Finally, CIBC upgraded shares of CI Financial to an “outperform” rating in a report on Wednesday, August 11th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$28.00.

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.

Recommended Story: High-Yield Dividend Stocks

Dividend History for CI Financial (TSE:CIX)

Receive News & Ratings for CI Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CI Financial and related companies with MarketBeat.com's FREE daily email newsletter.