IGM Financial Inc. (TSE:IGM) Shares Will Pay Quarterly Dividend of $0.62

IGM Financial Inc. (TSE:IGM) declared a quarterly dividend on Monday, September 28th. Shareholders of record on Friday, October 30th will be paid a dividend of $0.62 per share by the financial services provider on Friday, October 30th. This represents a $2.48 annualized dividend and a yield of 2.9%. The ex-dividend date is Monday, September 28th.

IGM Financial Stock Up 0.7%

Shares of IGM Financial stock opened at C$85.32 on Friday. The company has a debt-to-equity ratio of 82.59, a current ratio of 1.28 and a quick ratio of 0.31. The firm’s 50-day moving average is C$86.94 and its two-hundred day moving average is C$79.07. IGM Financial has a 1 year low of C$50.06 and a 1 year high of C$92.01. The stock has a market cap of C$19.70 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 4.09 and a beta of 0.93.

IGM Financial (TSE:IGM) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported C$1.41 earnings per share for the quarter. IGM Financial had a return on equity of 12.91% and a net margin of 29.82%.The company had revenue of C$1.07 million for the quarter. As a group, research analysts expect that IGM Financial will post 4.006816 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. BMO Capital Markets boosted their target price on IGM Financial from C$72.00 to C$80.00 in a research note on Wednesday, July 15th. National Bank Financial raised their price target on shares of IGM Financial from C$85.00 to C$91.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Canadian Imperial Bank of Commerce lifted their price objective on shares of IGM Financial from C$79.00 to C$85.00 in a research note on Friday, July 10th. Scotiabank boosted their price objective on shares of IGM Financial from C$84.00 to C$87.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. Finally, Royal Bank Of Canada upped their target price on IGM Financial from C$80.00 to C$89.00 and gave the company a “sector perform” rating in a research report on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, IGM Financial currently has a consensus rating of “Hold” and a consensus target price of C$82.00.

About IGM Financial

Mackenzie Investments (“Mackenzie”) is a Canadian investment management firm with approximately $244 billion (CAD) in assets under management as of December 31, 2025. Mackenzie seeks to create a more invested world by delivering strong investment performance and offering innovative portfolio solutions and related services to more than one million retail and institutional clients through multiple distribution channels. Founded in 1967, it is a global asset manager with offices across Canada as well as in Beijing, Boston, Dublin, Hong Kong and London.