IGM Financial Inc. (OTCMKTS:IGIFF) Short Interest Down 6.2% in July

IGM Financial Inc. (OTCMKTS:IGIFF) saw a significant drop in short interest in July. As of July 31st, there was short interest totalling 504,200 shares, a drop of 6.2% from the July 15th total of 537,700 shares. Based on an average daily volume of 1,000 shares, the days-to-cover ratio is presently 504.2 days.

IGM Financial Price Performance

Shares of OTCMKTS IGIFF opened at $28.18 on Wednesday. The company’s fifty day moving average is $27.65 and its 200-day moving average is $26.67. IGM Financial has a twelve month low of $22.14 and a twelve month high of $28.78.

IGM Financial Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, July 1st were given a dividend of $0.4112 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a dividend yield of 6.12%. IGM Financial’s dividend payout ratio is 67.85%.

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.