CI Financial Corp. (CIXXF) To Go Ex-Dividend on September 27th

CI Financial Corp. (NYSE:CIXXF) declared a dividend on Saturday, September 21st, investing.com reports. Investors of record on Monday, September 30th will be paid a dividend of 0.1471 per share on Tuesday, October 15th. This represents a yield of 4.37%. The ex-dividend date of this dividend is Friday, September 27th.

CI Financial has decreased its dividend payment by an average of 8.0% annually over the last three years. CI Financial has a dividend payout ratio of 20.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect CI Financial to earn $2.84 per share next year, which means the company should continue to be able to cover its $0.59 annual dividend with an expected future payout ratio of 20.8%.

CI Financial Price Performance

Shares of NYSE CIXXF opened at $13.46 on Monday. CI Financial has a fifty-two week low of $9.12 and a fifty-two week high of $13.48. The company has a market cap of $2.04 billion, a PE ratio of -15.30 and a beta of 1.35. The company has a debt-to-equity ratio of 3.53, a quick ratio of 0.34 and a current ratio of 0.34. The business has a 50-day simple moving average of $12.27 and a two-hundred day simple moving average of $11.78.

CI Financial (NYSE:CIXXF) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.66 earnings per share for the quarter. The firm had revenue of $720.62 million for the quarter. CI Financial had a negative net margin of 1.90% and a positive return on equity of 50.83%. As a group, equities analysts expect that CI Financial will post 2.65 EPS for the current fiscal year.

CI Financial Company Profile

CI Financial Corp. is a publicly owned asset management holding company. Through its subsidiaries, the firm manages separate client focused equity, fixed income, and alternative investments portfolios. It also manages mutual funds, hedge funds, and fund of funds for its clients through its subsidiaries.