IGM Financial Dividend yield

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
   CAD per share 
 Price  31.03
 Dividend  2.25
 Earnings  2.50
 Cash-flow  2.72
 Book value  19.39
 Equity  19.23

IGM Financial is part of Financial Services business, which is part of Financials industry. IGM Financial is a company from Canada, and his stocks are publicly traded.

IGM Financial paid a total dividend of 542 million CAD last year, for a market value of 7,478 millions (Market Cap 2,576 millions). Dividend per share of IGM Financial is 2.25 CAD, and his stock market price 31.03 CAD.

According to the chart below, where dividend yield is displayed, IGM Financial has a dividend yield of 7.25%, which is higher than the amount offered by both the market average and companies from Canada. It is also bigger than average of Financials industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.

In addition, you should compare IGM Financial dividend yield with other Financial Services companies or firms from Canada.

Dividend yield of IGM Financial

IGM Financial Dividend Payout

About the ability of IGM Financial to maintain his current dividend of CAD 2.25 per share, an amount that accounts for 7.25%, we should study its payout ratio both on earnings and on cash-flows (see chart below). IGM Financial payout on ernings is currently 90.00%, which is higher than the market average, and companies of Financials industry, which are 40.41% and 45.44% respectively. Both figures show that IGM Financial can have problems to keep with his present dividend yield.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of IGM Financial is CAD 2.72 per share, which is higher than the dividend per share paid by the company of CAD 2.25, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of IGM Financial, compared againt world market average, Canada companies, Financials industry and Financial Services sector companies.

IGM Financial payout

IGM Financial Stock performance

Finally, last moth IGM Financial showed a return of -8.90% compared to a worldwide -5.60% average, and a -5.58% of Financials firms. Over the last year, the company obtained a -29.70% versus a worldwide performance of a -11.41%. More detailed information can be seen in the following graph for Canada and Financial Services firms.

IGM Financial stock and market return

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