IGM Financial (IGM Financial) Dividend Payout Ratio

: 0.48 (As of Dec. 2023)

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IGM Financial's dividend payout ratio for the months ended in Dec. 2023 was 0.48.

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

IGIFF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.46 Med: 0.7 Max: 0.73
Current: 0.47

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.

IGIFF's Dividend Payout Ratio is ranked better than
73.59% of 939 companies
in the Asset Management industry
Industry Median: 0.83 vs IGIFF: 0.47

As of today (2024-04-23), the Dividend Yield % of IGM Financial is 6.76%.

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

IGM Financial's Dividends per Share for the 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.

IGM Financial Dividend Payout Ratio Historical Data

The historical data trend for IGM 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.

IGM Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

0.72

0.70

0.55

0.63

0.46

IGM Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio																0.60	0.59	0.95	-	0.48

Competitive Comparison

For the Asset Management subindustry, IGM 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.

IGM Financial Dividend Payout Ratio Distribution

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

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

IGM Financial Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

IGM 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 )
	=	1.258	/	2.715
	=	0.46

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

IGM Financial (OTCPK:IGIFF) Dividend Payout Ratio Explanation

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 Dividend Payout Ratio Related Terms

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

IGM Financial (IGM Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » IGM Financial Inc (OTCPK:IGIFF) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

C7G:Germany IGM:Canada

Address

447 Portage Avenue, Winnipeg, MB, CAN, R3B 3H5

Website

https://www.igmfinancial.com

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

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