IGM Financial Dividend yield




   CAD/share 
 Price  38.52
 Dividend  2.25
 Earnings  3.85
 Cash-flow  3.08
 Book value  25.68
 Equity  26.37

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 stock dividend

IGM Financial paid a total dividend of 540 million CAD last year, for a market value of 9,245 millions (Market Cap 3,139 millions). IGM Financial dividend per share is 2.25 CAD, and his stock market price 38.52 CAD.

According to the chart below, where dividend yield is displayed, IGM Financial has a dividend yield of 5.84%, 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 stocks dividend with other Financial Services companies or other of the best Canada dividend stocks list.

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 5.84%, we should study its payout ratio both on earnings and on cash-flows (see chart below). IGM Financial payout on ernings is currently 58.44%, which is higher than the market average, and companies of Financials industry, which are 39.34% and 46.18% 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 3.08 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 Dividend History

Below you will find a table with the historical evolution of IGM Financial's dividend stock, both in percentage and in CAD, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).

Year Yield  CAD  Paypout  Shares* 
Present5.84%2.2558.44%240
20225.95%2.2552.33%240
20214.93%2.2567.57%238
20206.52%2.2569.02%238
20196.04%2.2570.09%238
20187.25%2.2590.00%241
20175.10%2.2570.31%241
20165.78%2.2570.53%242
20155.91%2.2573.77%248

*In millions

Then you can see the evolution of IGM Financial dividend stock, and compare it with the average of Canada stocks and that of the Financial Services stocks.

IGM Financial stock dividend history

IGM Financial Stock performance

Finally, last moth IGM Financial showed a return of -6.30% compared to a worldwide -2.49% average, and a -3.03% of Financials firms. Over the last year, the company obtained a 7.70% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for Canada and Financial Services firms.

IGM Financial stock and market return