IGM Financial (TSX:IGM) Dividend Payout Ratio: 0.52 (As of Mar. 2026) — 19% Below Median

What is IGM Financial Dividend Payout Ratio?

IGM Financial TSX:IGM +3.13% 82 Dividend Payout Ratio is 0.52 as of Mar. 2026, which is 19% below its 10-year median of 0.64. GuruFocus rates TSX:IGM with a GF Score™ of 82/100 and a GF Value™ of C$50.72 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 931 Asset Management companies, IGM Financial ranks better than 64.34% on this metric.

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. IGM Financial's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.52.

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

TSX:IGM' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.46 Med: 0.64 Max: 0.72
Current: 0.48

During the past 13 years, the highest Dividend Payout Ratio of IGM Financial was 0.72. The lowest was 0.46. And the median was 0.64.

TSX:IGM's Dividend Payout Ratio is ranked better than
64.34% of 931 companies
in the Asset Management industry
Industry Median: 0.7 vs TSX:IGM: 0.48

As of today (2026-07-01), the Dividend Yield % of IGM Financial is 2.99%.

During the past 13 years, the highest Trailing Annual Dividend Yield of IGM Financial was 10.18%. The lowest was 2.85%. And the median was 5.60%.

IGM Financial's Dividends per Share for the months ended in Mar. 2026 was C$0.62.

During the past 12 months, IGM Financial's average Dividends Per Share Growth Rate was 2.50% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -0.80% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -0.80% 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 1.55% 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.

IGM Financial (TSX:IGM) 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.

IGM Financial Dividend Payout Ratio Related Terms

IGM Financial Dividend Payout Ratio Historical Data

* Premium members only.

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.

IGM Financial Dividend Payout Ratio Chart

IGM Financial Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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0.55

0.63

0.46

0.57

0.50

IGM Financial Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															0.57	0.54	0.45	0.41	0.52

TSX:IGM vs BLK, BX, KKR: Dividend Payout Ratio 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 vs Asset Management Industry

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.

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82GF Score

IGM Financial Inc TSX:IGM

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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IGM Financial Dividend Payout Ratio Calculation

IGM Financial's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	2.25	/	4.496
	=	0.50

IGM Financial's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	0.62	/	1.2
	=	0.52

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.52 mean?

IGM Financial (TSX:IGM) has a Dividend Payout Ratio of 0.52 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on IGM Financial and its competitors. This is 19% below median its historical median of 0.64. Over the past decade, IGM Financial's Dividend Payout Ratio has ranged from 0.46 to 0.72. According to the industry distribution chart, IGM Financial ranks #332 out of 931 companies in the Asset Management industry, placing it in the top 35.7%.

Is IGM Financial's Dividend Payout Ratio too high?

IGM Financial's current Dividend Payout Ratio of 0.52 is 19% below median its 10-year median of 0.64. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 0.72. The Asset Management industry median Dividend Payout Ratio is 0.70. IGM Financial's value of 0.52 is 25.7% below this industry median. Based on the distribution chart, IGM Financial ranks #332 out of 931 companies in the Asset Management industry, which is above the industry midpoint. Overall, IGM Financial has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does IGM Financial's Dividend Payout Ratio compare to BLK and BX?

According to the Asset Management industry distribution chart, IGM Financial ranks #332 out of 931 companies for Dividend Payout Ratio. This puts IGM Financial in the upper half of its industry. The industry median Dividend Payout Ratio is 0.70. IGM Financial's value of 0.52 is 25.7% below this benchmark. Historically, IGM Financial's own Dividend Payout Ratio has ranged from 0.46 to 0.72 over the past decade. While the company's 10-year median is 0.64 vs. the industry median of 0.70, IGM Financial has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for an Asset Management company?

The median Dividend Payout Ratio among Asset Management companies is 0.70, based on 931 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. IGM Financial's current Dividend Payout Ratio of 0.52 is 25.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on IGM Financial and its competitors. For the Asset Management industry, the median Dividend Payout Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IGM Financial's current Dividend Payout Ratio is 0.52, which is 19% below median its own 10-year median of 0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is IGM Financial stock overvalued right now?

Based on GuruFocus' analysis, IGM Financial (TSX:IGM) is currently considered Significantly Overvalued. The stock's GF Value™ is C$50.72, compared to a current price of C$79.18 — trading 56.1% above its estimated fair value. The current Dividend Payout Ratio is 0.52, which is 19% below median its 10-year median of 0.64 and 25.7% below the Asset Management industry median of 0.70. IGM Financial's overall GF Score™ is 82/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For IGM Financial (TSX:IGM), the current Dividend Payout Ratio is 0.52 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is IGM Financial (TSX:IGM) Overvalued in 2026?

Based on GuruFocus' analysis, IGM Financial stock appears to be overvalued. The current stock price of C$79.18 is trading 56.1% above its estimated GF Value™ of C$50.72. GuruFocus considers IGM Financial to be Significantly Overvalued.

Key valuation signals for TSX:IGM:

Dividend Payout Ratio: 0.52 (19% below median its 10-year median of 0.64)
GF Value™: C$50.72 vs. price of C$79.18 (56.1% above fair value)
GF Score™: 82/100 with 9 warning signs
Industry Position: 25.7% below the Asset Management median (#332 of 931)

No single metric tells the full story. See the TSX:IGM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

IGM Financial Business Description

Industry Financial Services Asset Management

Comparable Companies TSX:PHYS.U TSX:CEF TSX:ONEX TSX:SII TSX:FIH.U TSX:EIT.UN TSX:CYB TSX:UNC TSX:LBS.PR.A TSX:DFN BLK BX OSTO:INVE A TSX:BN KKR TSX:BAM APO STT AMP LSE:III

Other Exchanges IGIFF:USA C7G:Germany

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

Website https://www.igmfinancial.com

IGM Financial is a leading nonbank Canadian wealth and asset management company. Power Corporation of Canada, which also holds a majority stake in Great-West Life co, has a majority stake (62%) in IGM. The company has two main operating segments, wealth management and asset management. As of December 2025, IGM's wealth management unit had CAD 159 billion in assets under advisement, or AUA, while the firm's asset management unit had CAD 151 billion in third-party assets under management, or AUM.

82GF Score

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Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$79.18

Price

C$50.72

GF Value

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