CI Financial Corp (TSE:CIX) announced a monthly dividend on Thursday, November 9th, Zacks reports. Shareholders of record on Thursday, November 30th will be given a dividend of 0.117 per share on Friday, December 15th. This represents a $1.40 annualized dividend and a yield of 4.91%. The ex-dividend date of this dividend is Wednesday, November 29th.
Shares of CI Financial Corp (TSE:CIX) opened at C$28.60 on Friday. CI Financial Corp has a twelve month low of C$25.79 and a twelve month high of C$29.94.
Several research firms have recently commented on CIX. Barclays PLC reduced their price target on shares of CI Financial Corp from C$32.00 to C$31.00 in a report on Monday, November 13th. CIBC boosted their price objective on shares of CI Financial Corp from C$32.50 to C$33.00 in a research note on Monday, November 13th. TD Securities boosted their price objective on shares of CI Financial Corp from C$29.00 to C$30.00 and gave the stock a “hold” rating in a research note on Friday, November 10th. Desjardins boosted their price objective on shares of CI Financial Corp from C$28.00 to C$29.00 in a research note on Tuesday, October 31st. Finally, BMO Capital Markets reiterated a “market perform” rating and set a C$29.00 price objective on shares of CI Financial Corp in a research note on Monday, September 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of C$29.86.
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About CI Financial Corp
CI Financial Corp. (CI) is a wealth management and investment fund company. The Company is engaged in management, marketing, distribution and administration of mutual funds, segregated funds, exchange-traded funds, structured products and other fee-earning investment products for Canadian investors. CI operates through two segments: Asset Management and Asset Administration.
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