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IGM Financial (IGM Financial) 5-Year Yield-on-Cost % : 5.23 (As of Apr. 24, 2024)


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What is IGM Financial 5-Year Yield-on-Cost %?

IGM Financial's yield on cost for the quarter that ended in Dec. 2023 was 5.23.


The historical rank and industry rank for IGM Financial's 5-Year Yield-on-Cost % or its related term are showing as below:

IGIFF' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 3.12   Med: 4.63   Max: 8.3
Current: 5.23


During the past 13 years, IGM Financial's highest Yield on Cost was 8.30. The lowest was 3.12. And the median was 4.63.


IGIFF's 5-Year Yield-on-Cost % is ranked worse than
54.78% of 1214 companies
in the Asset Management industry
Industry Median: 6.01 vs IGIFF: 5.23

Competitive Comparison of IGM Financial's 5-Year Yield-on-Cost %

For the Asset Management subindustry, IGM Financial's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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 5-Year Yield-on-Cost % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, IGM Financial's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where IGM Financial's 5-Year Yield-on-Cost % falls into.



IGM Financial 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of IGM Financial is calculated as

Yield-on-Cost=Dividend Yield %*(1+Dividend Growth Rate)^5

IGM Financial  (OTCPK:IGIFF) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.


IGM Financial 5-Year Yield-on-Cost % Related Terms

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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