CI Financial Corp (TSE:CIX) Director Mike Gramegna sold 455 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of C$28.97, for a total transaction of C$13,181.35.
CI Financial Corp (CIX) traded up C$0.37 during mid-day trading on Thursday, hitting C$29.05. 658,229 shares of the stock traded hands, compared to its average volume of 462,266. CI Financial Corp has a fifty-two week low of C$25.79 and a fifty-two week high of C$29.94.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a $0.117 dividend. This represents a $1.40 annualized dividend and a dividend yield of 4.83%. The ex-dividend date of this dividend is Wednesday, November 29th. CI Financial’s dividend payout ratio (DPR) is currently 74.07%.
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CI Financial Company Profile
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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