As of today (2024-04-19), the Forward Annual Dividend Yield of IGM Financial is 6.82%.
As of today (2024-04-19), the Trailing Annual Dividend Yield of IGM Financial is 6.89%.
IGIFF's Forward Dividend Yield % is ranked better than 56.34% of 1207
companies
in the Asset Management industry
Industry Median: 5.91
vs IGIFF: 6.82
IGM Financial's Dividends per Share for the
three
months ended in Dec. 2023 was $0.42.
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.
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.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
Competitive Comparison
For the Asset Management subindustry, IGM Financial's Forward Dividend Yield %, along with its competitors' market caps and Forward Dividend Yield % 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 Forward Dividend Yield % Distribution
For the Asset Management industry and Financial Services sector, IGM Financial's Forward Dividend Yield % distribution charts can be found below:
* The bar in red indicates where IGM Financial's Forward Dividend Yield % falls into.
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 0.563
2024-03-27
2024-03-28
2024-04-30
Cash Dividend
quarterly
CAD:USD 0.738242
CAD 0.563
2023-12-28
2023-12-29
2024-01-31
Cash Dividend
quarterly
CAD:USD 0.754720
CAD 0.563
2023-06-29
2023-06-30
2023-07-31
Cash Dividend
quarterly
CAD: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 Forward Annual Dividend Yield (%) for Today is calculated as
Forward Annual Dividend Yield
=
Forward Full Year Dividend
/
Current Share Price
=
1.662520984
/
24.27
=
6.85 %
Current Share Price is $24.27.
IGM Financial's Dividends per Share for the forward twelve months is calculated as $0.415630246 * 4 = $1.662520984.
IGM Financial's Trailing Annual Dividend Yield (%) for Today is calculated as
Trailing Annual Dividend Yield
=
Most Recent Full Year Dividend
/
Current Share Price
=
1.266021478
/
24.27
=
5.22 %
Current Share Price is $24.27.
IGM Financial's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.266021478.
* 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.
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
IGM Financial Forward Dividend Yield % Related Terms
Thank you for viewing the detailed overview of IGM Financial's Forward Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
IGM Financial (IGM Financial) Business Description
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.
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