Genworth MI Canada Inc (MIC) To Go Ex-Dividend on November 7th

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Genworth MI Canada Inc (TSE:MIC) declared a quarterly dividend on Thursday, November 7th, TickerTech reports. Stockholders of record on Wednesday, November 27th will be paid a dividend of 0.54 per share on Wednesday, November 27th. This represents a $2.16 annualized dividend and a dividend yield of 4.01%. The ex-dividend date of this dividend is Thursday, November 7th. This is an increase from Genworth MI Canada’s previous quarterly dividend of $0.51.

Shares of Genworth MI Canada stock traded up C$0.35 on Tuesday, hitting C$53.91. The stock had a trading volume of 90,862 shares, compared to its average volume of 178,552. The company has a quick ratio of 0.28, a current ratio of 0.32 and a debt-to-equity ratio of 11.57. Genworth MI Canada has a one year low of C$38.18 and a one year high of C$53.98. The stock has a market cap of $4.61 billion and a price-to-earnings ratio of 11.88. The stock’s 50-day simple moving average is C$52.65 and its two-hundred day simple moving average is C$46.80.

In other news, Senior Officer Philip Adrian Virgil Mayers sold 19,000 shares of Genworth MI Canada stock in a transaction dated Monday, August 19th. The stock was sold at an average price of C$49.25, for a total value of C$935,750.00. Following the completion of the transaction, the insider now owns 21,229 shares of the company’s stock, valued at approximately C$1,045,528.25. Also, Director Brian Leo Hurley sold 60,000 shares of Genworth MI Canada stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$52.07, for a total value of C$3,124,200.00. Following the completion of the transaction, the director now directly owns 73,028 shares of the company’s stock, valued at approximately C$3,802,567.96. In the last 90 days, insiders have sold 82,834 shares of company stock worth $4,248,506.

MIC has been the topic of several recent analyst reports. BMO Capital Markets lifted their price target on shares of Genworth MI Canada from C$54.00 to C$57.00 in a report on Thursday, August 1st. National Bank Financial boosted their target price on shares of Genworth MI Canada from C$54.00 to C$58.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. TD Securities dropped their target price on shares of Genworth MI Canada from C$57.00 to C$56.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Royal Bank of Canada upgraded shares of Genworth MI Canada from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$48.00 to C$51.00 in a report on Tuesday, July 9th. Finally, CIBC dropped their target price on shares of Genworth MI Canada from C$57.00 to C$56.00 in a report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of C$55.60.

About Genworth MI Canada

Genworth MI Canada Inc, through its subsidiaries, operates as a private residential mortgage insurer in Canada. It provides mortgage default insurance to residential mortgage homebuyers, lenders, brokers, and realtors. The company was founded in 1995 and is headquartered in Oakville, Canada.

Further Reading: Equity Income

Dividend History for Genworth MI Canada (TSE:MIC)

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