CI Financial Corp. (CIX) To Go Ex-Dividend on March 31st

CI Financial Corp. (TSE:CIX) declared a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Investors 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 annualized dividend and a yield of 2.56%. The ex-dividend date is Monday, March 31st.

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

CI Financial Stock Performance

TSE:CIX traded up C$0.01 during trading hours on Friday, reaching C$31.22. The stock had a trading volume of 404,998 shares, compared to its average volume of 723,513. CI Financial has a 12-month low of C$13.87 and a 12-month high of C$31.48. The company has a debt-to-equity ratio of 506.88, a quick ratio of 0.17 and a current ratio of 0.32. The stock has a 50 day simple moving average of C$31.25 and a 200 day simple moving average of C$27.03. The stock has a market cap of C$4.50 billion, a P/E ratio of -65.08, a price-to-earnings-growth ratio of 0.04 and a beta of 1.67.

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 report on Thursday, January 23rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$27.94.

About CI Financial

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.