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IGM Financial (IGM Financial) 3-Year Dividend Growth Rate : -9.10% (As of Dec. 2023)


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What is IGM Financial 3-Year Dividend Growth Rate?

IGM Financial's Dividends per Share for the three months ended in Dec. 2023 was $0.42.

The historical rank and industry rank for IGM Financial's 3-Year Dividend Growth Rate or its related term are showing as below:

IGIFF' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -18.8   Med: 4.9   Max: 17.5
Current: -9.1

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of IGM Financial was 17.50% per year. The lowest was -18.80% per year. And the median was 4.90% per year.

IGIFF's 3-Year Dividend Growth Rate is ranked worse than
82.97% of 869 companies
in the Asset Management industry
Industry Median: 1.7 vs IGIFF: -9.10

During the past 12 months, IGM Financial's average Dividends Per Share Growth Rate was -25.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -9.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -4.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -1.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

IGM Financial's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.48. As of today, IGM Financial's Dividend Yield % is 6.67%.

Good Sign:

IGM Financial Inc stock dividend yield is close to 3-year high.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of IGM Financial's 3-Year Dividend Growth Rate

For the Asset Management subindustry, IGM Financial's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


IGM Financial's 3-Year Dividend Growth Rate Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, IGM Financial's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where IGM Financial's 3-Year Dividend Growth Rate falls into.



IGM Financial 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


IGM Financial  (OTCPK:IGIFF) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

IGM Financial's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.419/ 0.879
=0.48

During the past 13 years, the highest Dividend Payout Ratio of IGM Financial was 0.73. The lowest was 0.46. And the median was 0.70.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

IGM Financial Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
CAD 0.5630002024-03-272024-03-282024-04-30Cash DividendquarterlyCAD:USD 0.738242
CAD 0.5630002023-12-282023-12-292024-01-31Cash DividendquarterlyCAD:USD 0.754720
CAD 0.5630002023-06-292023-06-302023-07-31Cash DividendquarterlyCAD:USD 0.755744

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

IGM Financial's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=1.266021478/25.06
=5.05 %

Current Share Price is $25.06.
IGM Financial's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.266021478.

During the past 13 years, the highest Dividend Yield of IGM Financial was 10.18%. The lowest was 3.83%. And the median was 5.68%.

Good Sign:

IGM Financial Inc stock dividend yield is close to 3-year high.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


IGM Financial 3-Year Dividend Growth Rate Related Terms>


IGM Financial (IGM Financial) Business Description

Traded in Other Exchanges
Address
447 Portage Avenue, Winnipeg, MB, CAN, R3B 3H5
IGM Financial is the largest non-bank-affiliated asset manager in Canada. The firm is part of the Power Financial group of companies, which includes Great-West Life, London Life, and Canada Life. IGM has two main operating divisions—asset management (operated through Mackenzie Investments) and wealth management (via its Investors Group Wealth Management subsidiary)—that provide investment management products and services. IGM had CAD 215.3 billion in assets under management, or AUM, and CAD 35.0 billion in assets under advisement, or AUA, at the end of October 2023. Investment Planning Counsel is now being accounted for as a discontinued operation, having been sold earlier this year, with the deal closed in November 2023.

IGM Financial (IGM Financial) Headlines