IGM Financial (IGIFF) Expected to Announce Quarterly Earnings on Thursday

IGM Financial (OTCMKTS:IGIFF) is expected to issue its quarterly earnings data before the market opens on Thursday, May 8th. Analysts expect the company to announce earnings of $0.73 per share and revenue of $629.72 million for the quarter.

IGM Financial Stock Up 1.4 %

OTCMKTS IGIFF opened at $31.74 on Thursday. IGM Financial has a one year low of $25.04 and a one year high of $33.94. The company has a 50-day simple moving average of $30.69 and a 200-day simple moving average of $31.43.

IGM Financial Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 1st were paid a $0.3928 dividend. The ex-dividend date was Monday, March 31st. This represents a yield of 5.05%. IGM Financial’s payout ratio is currently 67.85%.

Analysts Set New Price Targets

Separately, National Bankshares restated an “outperform” rating on shares of IGM Financial in a research report on Monday, February 3rd.

IGM Financial Company Profile

IGM Financial Inc operates as a wealth and asset management company in Canada. It operates through Wealth Management and Asset Management segments. The Wealth Management segment offers investments that are focused on providing financial planning and related services; and provides mutual fund management and discretionary portfolio management services.