CI Financial Corp. (NYSE:CIXXF - Get Free Report) announced a dividend on Tuesday, December 24th,investing.com reports. Investors of record on Wednesday, January 1st will be given a dividend of 0.1457 per share on Wednesday, January 15th. This represents a yield of 2.71%. The ex-dividend date is Tuesday, December 31st.
CI Financial has decreased its dividend by an average of 8.0% per year over the last three years. CI Financial has a payout ratio of 18.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect CI Financial to earn $3.02 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 18.5%.
CI Financial Price Performance
Shares of CIXXF traded up $0.03 during trading hours on Tuesday, hitting $21.51. 100 shares of the stock were exchanged, compared to its average volume of 24,732. The stock's 50-day moving average price is $18.73 and its two-hundred day moving average price is $14.46. The company has a debt-to-equity ratio of 4.53, a quick ratio of 0.32 and a current ratio of 0.32. The company has a market cap of $3.10 billion, a price-to-earnings ratio of -65.17 and a beta of 1.43. CI Financial has a 12-month low of $10.16 and a 12-month high of $22.70.
Analyst Upgrades and Downgrades
CIXXF has been the subject of several analyst reports. TD Securities cut CI Financial from a "strong-buy" rating to a "strong sell" rating in a report on Wednesday, November 27th. Keefe, Bruyette & Woods lowered shares of CI Financial from a "moderate buy" rating to a "hold" rating in a report on Monday, November 25th.
Read Our Latest Stock Analysis on CIXXF
About CI Financial
(
Get Free Report)
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.
Further Reading
Before you consider CI Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CI Financial wasn't on the list.
While CI Financial currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
