Ex-Div Reminder for IGM Financial (IGM)

On 9/26/14, IGM Financial Inc (TSX: IGM.TO) will trade ex-dividend, for its quarterly dividend of $0.5375, payable on 10/31/14. As a percentage of IGM's recent stock price of $50.45, this dividend works out to approximately 1.07%, so look for shares of IGM Financial Inc to trade 1.07% lower — all else being equal — when IGM shares open for trading on 9/26/14.

Below is a dividend history chart for IGM, showing historical dividends prior to the most recent $0.5375 declared by IGM Financial Inc:

IGM+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from IGM is likely to continue, and whether the current estimated yield of 4.26% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of IGM shares, versus its 200 day moving average:

IGM Financial Inc 200 Day Moving Average Chart

Looking at the chart above, IGM's low point in its 52 week range is $47.33 per share, with $57.11 as the 52 week high point — that compares with a last trade of $50.45.

In Wednesday trading, IGM Financial Inc shares are currently trading flat on the day.

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