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

CI Financial Corp. (TSE:CIX - Get Free Report) announced a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Stockholders of record on Tuesday, April 15th will be given a dividend of 0.20 per share on Tuesday, April 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Monday, March 31st.

CI Financial has raised its dividend payment by an average of 14.5% annually over the last three years.

CI Financial Stock Down 0.2 %

TSE:CIX traded down C$0.05 during mid-day trading on Wednesday, reaching C$31.15. The stock had a trading volume of 23,493 shares, compared to its average volume of 697,016. The stock has a market cap of C$4.49 billion, a P/E ratio of -64.94, a PEG ratio of 0.04 and a beta of 1.67. The business's 50 day moving average is C$31.25 and its 200 day moving average is C$27.22. The company has a debt-to-equity ratio of 506.88, a current ratio of 0.32 and a quick ratio of 0.17. CI Financial has a fifty-two week low of C$13.87 and a fifty-two week high of C$31.48.

Wall Street Analyst Weigh In

Separately, Raymond James lowered shares of CI Financial from a "moderate buy" rating to a "strong sell" rating in a research note on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, CI Financial currently has an average rating of "Hold" and a consensus 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.