IGM Financial (OTCMKTS:IGIFF) Stock Price Crosses Above 50-Day Moving Average – Should You Sell?

IGM Financial Inc. (OTCMKTS:IGIFFGet Free Report) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $28.71 and traded as high as $29.90. IGM Financial shares last traded at $29.90, with a volume of 495 shares.

IGM Financial Stock Performance

The stock’s 50 day simple moving average is $28.78 and its two-hundred day simple moving average is $27.42.

IGM Financial Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be given a dividend of $0.4091 per share. This represents a yield of 5.55%. The ex-dividend date of this dividend is Friday, September 27th. IGM Financial’s dividend payout ratio (DPR) is presently 67.85%.

About IGM Financial

(Get Free Report)

IGM Financial Inc operates as a wealth and asset management company in Canada. It operates through Wealth Management and Asset Management segments. The Wealth Management segment offers investments that are focused on providing financial planning and related services; and provides mutual fund management and discretionary portfolio management services.

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