CIXXF (CI Financial) Dividend Payout Ratio : 0.49 (As of Sep. 2024)

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What is CI Financial Dividend Payout Ratio?

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. CI Financial's Dividend Payout Ratio for the months ended in Sep. 2024 was 0.49.

The historical rank and industry rank for CI Financial's Dividend Payout Ratio or its related term are showing as below:

CIXXF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.23 Med: 0.54 Max: 0.74
Current: 0.37

During the past 13 years, the highest Dividend Payout Ratio of CI Financial was 0.74. The lowest was 0.23. And the median was 0.54.

CIXXF's Dividend Payout Ratio is ranked better than
73.48% of 1018 companies
in the Asset Management industry
Industry Median: 0.675 vs CIXXF: 0.37

As of today (2024-12-14), the Dividend Yield % of CI Financial is 2.69%.

During the past 13 years, the highest Trailing Annual Dividend Yield of CI Financial was 7.98%. The lowest was 2.41%. And the median was 4.65%.

CI Financial's Dividends per Share for the months ended in Sep. 2024 was $0.15.

During the past 12 months, CI Financial's average Dividends Per Share Growth Rate was 11.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 0.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -6.50% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -6.60% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of CI Financial was 20.50% per year. The lowest was -29.60% per year. And the median was 3.25% per year.

The growth rate is calculated with least square regression.

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

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

CI Financial Dividend Payout Ratio Historical Data

The historical data trend for CI Financial's Dividend Payout Ratio can be seen below:

* 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.

* Premium members only.

CI Financial Dividend Payout Ratio Chart

CI Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.32

0.29

0.23

0.59

CI Financial Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Dividend Payout Ratio	Get a 7-Day Free Trial															0.22	5.52	0.23	0.22	0.49

Competitive Comparison of CI Financial's Dividend Payout Ratio

For the Asset Management subindustry, CI Financial's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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.

CI Financial's Dividend Payout Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, CI Financial's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where CI Financial's Dividend Payout Ratio falls into.

CI Financial Dividend Payout Ratio Calculation

CI Financial's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	0.552	/	0.932
	=	0.59

CI Financial's Dividend Payout Ratio for the quarter that ended in Sep. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Sep. 2024 )	/	EPS without NRI (Q: Sep. 2024 )
	=	0.148	/	0.3
	=	0.49

CI Financial (OTCPK:CIXXF) Dividend Payout Ratio Explanation

In dividends investing, Dividend 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.

CI Financial Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of CI Financial's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

CI Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » CI Financial Corp (OTCPK:CIXXF) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

CF7:Germany CIX:Canada

Address

15 York Street, 2nd Floor, Legal Department, Toronto, ON, CAN, M5J 0A3

Website

https://www.cifinancial.com

CI Financial is a provider of asset- and wealth-management products and services. The company has a decent share in the Canadian fund market (fifth behind Royal Bank of Canada, Toronto-Dominion, IGM Financial, and Fidelity at the end of last year) and remains the second-largest non-bank-affiliated asset manager in the Canadian market, with CAD 135.4 billion in assets under management (including CAD 36.0 billion in AUM managed for its CI Assante Wealth Management, CI Private Counsel, and Aligned Capital Partners subsidiaries) at the end of September. The firm also had CAD 350.7 billion in assets under advisement (including CAD 250.6 billion from its US wealth-management operations and CAD 100.1 billion from its Canadian wealth-management partners) and CAD 31.9 billion in custody assets.