IGM Financial Inc. operates as a wealth and asset management company in Canada. It operates through Wealth Management, Asset Management, and Strategic Investments and Other segments. The company offers financial advisory services; IG Living Plan that provides financial planning services, such as investment vehicles, insurance products, mortgage and banking solutions, and charitable giving program; IG Wealth Management Advisor Portal, a customer relationship management platform; and IG Wealth Management's dealer platform, which provides increased automation and supports both MFDA and IIROC licensed advisors, as well as new products on its investment dealer platform. It also provides mutual funds; portfolios; IG Advisory Account, a fee-based account that enhances client experience by offering the ability to simplify and consolidate selected investments into a single account; iProfile Private portfolios, a portfolio management program for households with investments; iProfile Portfolios, a suite of four managed solutions; segregated funds; separately managed and fee-based brokerage accounts; insurance products; and securities services. In addition, the company offers management and related services; global private equity, private credit, and infrastructure investment solutions; and exchange traded funds. The company was incorporated in 1978 and is headquartered in Winnipeg, Canada. IGM Financial Inc. is a subsidiary of Power Financial Corporation.
IGM Financial Dividend Announcement
• IGM Financial announced a quarterly dividend of $0.40 per ordinary share which will be made payable on 2025-01-31. Ex dividend date: 2024-12-31
• IGM Financial annual dividend for 2024 was $1.64
• IGM Financial annual dividend for 2023 was $1.68
• IGM Financial's trailing twelve-month (TTM) dividend yield is 4.94%
• IGM Financial's payout ratio for the trailing twelve months (TTM) is 48.70%
• IGM Financial's dividend growth over the last five years (2018-2023) was -0.25% year
• IGM Financial's dividend growth over the last ten years (2013-2023) was -2.28% year
IGM Financial Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-12-31 | $0.40 | quarterly | 2025-01-31 |
| 2024-09-27 | $0.42 | quarterly | 2024-10-31 |
| 2024-06-28 | $0.41 | quarterly | 2024-07-31 |
| 2024-03-27 | $0.41 | quarterly | 2024-04-30 |
| 2023-12-28 | $0.43 | quarterly | 2024-01-31 |
| 2023-09-28 | $0.42 | quarterly | 2023-10-31 |
| 2023-06-29 | $0.42 | quarterly | 2023-07-31 |
| 2023-03-30 | $0.41 | quarterly | 2023-04-28 |
| 2022-12-29 | $0.41 | quarterly | 2023-01-31 |
| 2022-09-28 | $0.41 | quarterly | 2022-10-31 |
| 2022-06-29 | $0.44 | quarterly | 2022-07-29 |
| 2022-03-30 | $0.45 | quarterly | 2022-04-29 |
| 2021-12-30 | $0.44 | quarterly | 2022-01-31 |
| 2021-09-28 | $0.45 | quarterly | 2021-10-29 |
| 2021-06-29 | $0.46 | quarterly | 2021-07-30 |
| 2021-03-30 | $0.45 | quarterly | 2021-04-30 |
| 2020-12-30 | $0.44 | quarterly | 2021-01-29 |
| 2020-09-29 | $0.42 | quarterly | 2020-10-30 |
| 2020-06-29 | $0.41 | quarterly | 2020-07-31 |
| 2020-03-30 | $0.40 | quarterly | 2020-04-30 |
| 2019-12-30 | $0.43 | quarterly | 2020-01-31 |
| 2019-09-27 | $0.42 | quarterly | 2019-10-31 |
| 2019-06-27 | $0.43 | quarterly | 2019-07-31 |
| 2019-03-28 | $0.56 | quarterly | 2019-04-30 |
| 2018-12-28 | $0.41 | quarterly | 2019-01-31 |
| 2018-09-27 | $0.43 | quarterly | 2018-10-31 |
| 2018-06-28 | $0.42 | quarterly | 2018-07-31 |
| 2018-03-28 | $0.44 | quarterly | 2018-04-30 |
| 2017-12-28 | $0.44 | quarterly | 2018-01-31 |
| 2017-09-28 | $0.45 | quarterly | 2017-10-31 |
| 2017-06-28 | $0.43 | quarterly | 2017-07-31 |
| 2017-03-29 | $0.42 | quarterly | 2017-04-28 |
| 2016-12-28 | $0.41 | quarterly | 2017-01-31 |
| 2016-09-28 | $0.43 | quarterly | 2016-10-31 |
| 2016-06-28 | $0.43 | quarterly | 2016-07-29 |
| 2016-03-29 | $0.43 | quarterly | 2016-04-29 |
| 2015-12-29 | $0.40 | quarterly | 2016-01-29 |
| 2015-09-28 | $0.42 | quarterly | 2015-10-30 |
| 2015-06-26 | $0.46 | quarterly | |
| 2015-03-27 | $0.45 | quarterly | |
| 2014-12-29 | $0.48 | quarterly | |
| 2014-09-26 | $0.48 | quarterly | |
| 2014-06-26 | $0.50 | quarterly | |
| 2014-03-27 | $0.48 | quarterly | |
| 2013-12-27 | $0.51 | quarterly | |
| 2013-09-26 | $0.54 | quarterly | |
| 2013-06-26 | $0.54 | quarterly | |
| 2013-03-26 | $0.54 | quarterly |
IGM Financial Dividend per year
IGM Financial Dividend growth
IGM Financial Dividend Yield
IGM Financial current trailing twelve-month (TTM) dividend yield is 4.94%. Interested in purchasing IGM Financial stock? Use our calculator to estimate your expected dividend yield:
IGM Financial Financial Ratios
P/E ratio10.39
PEG ratio1.55
P/B ratio1.52
ROE15.62%
Payout ratio48.70%
Current ratio3.11
Quick ratio3.11
Cash Ratio0.22
IGM Financial Dividend FAQ
How much is the next IGM Financial dividend?
IGM Financial's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next IGM Financial dividend. The next IGM Financial dividend will be released in March, June, September, or December.
When is IGM Financial dividend paid?
IGM Financial pays dividends on a quarterly basis. The specific dates may vary each year but are generally around March, June, September, and December. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does IGM Financial pay?
The specific amount of IGM Financial dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find IGM Financial's dividend history.
Does IGM Financial stock pay dividends?
Yes, IGM Financial does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find IGM Financial's dividend history.
How much dividend does IGM Financial pay?
IGM Financial paid $1.641 in 2024, $1.682 in 2023, $1.715 in 2022, $1.789 in 2021, and $1.671 in 2020.
How often does IGM Financial pay dividends?
IGM Financial typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around March, June, September, and December.
What is IGM Financial's dividend yield?
The current dividend yield for IGM Financial is 4.94%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate IGM Financial's exact dividend yield.
When does IGM Financial go ex dividend?
IGM Financial's ex-dividend date for the latest dividend was on 2024-12-31. IGM Financial typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next IGM Financial dividend paid?
IGM Financial pays dividends on a quarterly basis, typically around March, June, September, or December, but the exact dates can vary each year.
Will IGM Financial increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether IGM Financial will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is IGM Financial dividend per share?
IGM Financial paid $1.641 per share in 2024 and $1.682 per share in 2023. The amount of dividend per share that IGM Financial pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is IGM Financial a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is IGM Financial a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is IGM Financial a dividend stock?
Yes, IGM Financial is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is IGM Financial a good dividend stock?
Whether IGM Financial is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. IGM Financial has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating IGM Financial as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Other factors to consider when evaluating IGM Financial as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does IGM Financial pay dividends monthly?
IGM Financial typically pays dividends on a quarterly basis.
Does IGM Financial pay dividends quarterly?
IGM Financial currently pays dividends on a quarterly basis.
Has IGM Financial ever paid a dividend?
Yes, IGM Financial has a history of paying dividends to its shareholders. IGM Financial is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy IGM Financial dividend stocks?
To buy IGM Financial you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy IGM Financial stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy IGM Financial stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does IGM Financial pay dividends 2024?
IGM Financial pays dividends on a quarterly basis. 2024 dividend payments are in 2025-01-31. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will IGM Financial increase its dividend in 2024?
Decisions regarding IGM Financial dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date IGM Financial dividend overview you can look into the above table of dividend history.
How IGM Financial dividend works?
The IGM Financial dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how IGM Financial's dividend process works:
1. Determination of Dividend: IGM Financial's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, IGM Financial publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, IGM Financial distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from IGM Financial are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Determination of Dividend: IGM Financial's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, IGM Financial publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, IGM Financial distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from IGM Financial are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are IGM Financial dividends paid?
IGM Financial dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: IGM Financial sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, IGM Financial distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: IGM Financial declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
1. Record Date: IGM Financial sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, IGM Financial distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: IGM Financial declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does IGM Financial pay dividends?
IGM Financial typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does IGM Financial pay dividends?
The general pattern is that IGM Financial pays dividends around March, June, September, and December. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is IGM Financial dividend safe?
The safety of IGM Financial's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of IGM Financial's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review IGM Financial's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.
To assess the safety of IGM Financial's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review IGM Financial's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.