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

CI Financial Corp. (TSE:CIX) declared a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Investors 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 annualized dividend and a yield of 2.56%. The ex-dividend date is Monday, March 31st.

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

CI Financial Price Performance

TSE CIX traded up C$0.01 during trading hours on Friday, reaching C$31.22. 404,998 shares of the stock traded hands, compared to its average volume of 723,513. The company has a debt-to-equity ratio of 506.88, a current ratio of 0.32 and a quick ratio of 0.17. The stock has a 50 day simple moving average of C$31.25 and a two-hundred day simple moving average of C$27.03. CI Financial has a 1 year low of C$13.87 and a 1 year high of C$31.48. The company has a market cap of C$4.50 billion, a price-to-earnings ratio of -65.08, a price-to-earnings-growth 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 report on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$27.94.

CI Financial Company Profile

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.