Industrial Alliance (IAG) Announces Quarterly Dividend of C$0.26
Industrial Alliance (TSE:IAG) declared a Quarterly dividend on Wednesday, May 21st, Stock Ratings Network.com reports. Investors of record on Monday, June 16th will be given a dividend of 0.26 per share on Monday, June 16th. This represents a yield of 2.34%. The ex-dividend date of this dividend is Wednesday, May 21st.
On the ratings front, analysts at BMO Capital Markets downgraded shares of Industrial Alliance from an “outperform” rating to a “market perform” rating in a research note on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus price target of C$48.60.
Industrial Alliance (TSE:IAG) opened at 42.17 on Wednesday. Industrial Alliance has a 1-year low of $36.76 and a 1-year high of $49.99. The stock’s 50-day moving average is $44. and its 200-day moving average is $45.92. The company has a market cap of $4.202 billion and a price-to-earnings ratio of 11.96.
Industrial Alliance (TSE:IAG) last released its earnings data on Friday, May 9th. The company reported $0.83 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.85 by $0.02. Analysts expect that Industrial Alliance will post $3.66 EPS for the current fiscal year.
Industrial Alliance Insurance and Financial Services Inc (TSE:IAG) is a life and health insurance company.
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