CI Financial Corp Declares Dividend of C$0.09 (CIX)
CI Financial Corp (TSE:CIX) announced a dividend on Thursday, August 7th, AnalystRatingsNetwork.com reports. Shareholders of record on Sunday, August 31st will be paid a dividend of 0.0917 per share on Monday, September 15th. The ex-dividend date is Wednesday, August 27th.
A number of analysts have recently weighed in on CIX shares. Analysts at RBC Capital raised their price target on shares of CI Financial Corp from C$40.00 to C$41.00 in a research note on Monday, June 23rd. They now have an “outperform” rating on the stock. On a related note, analysts at Scotiabank reiterated a “sector perform” rating on shares of CI Financial Corp in a research note on Wednesday, June 18th. Finally, analysts at Canaccord Genuity upgraded shares of CI Financial Corp from a “hold” rating to a “buy” rating in a research note on Thursday, May 29th. They now have a C$40.00 price target on the stock. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. CI Financial Corp currently has a consensus rating of “Buy” and a consensus price target of C$39.97.
CI Financial Corp (TSE:CIX) opened at 35.60 on Thursday. CI Financial Corp has a 52 week low of $31.14 and a 52 week high of $37.00. The stock’s 50-day moving average is $35.12 and its 200-day moving average is $34.92. The company has a market cap of $10.101 billion and a price-to-earnings ratio of 21.04.
CI Financial Corp (TSE:CIX) last announced its earnings results on Friday, August 8th. The company reported $0.45 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.47 by $0.02. On average, analysts predict that CI Financial Corp will post $1.86 earnings per share for the current fiscal year.
CI Financial Corp. (TSE:CIX) is a diversified wealth management and investment fund company.
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