Shares of CI Financial Corp. (NYSE:CIXXF – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $17.08, but opened at $17.97. CI Financial shares last traded at $17.07, with a volume of 1,468 shares trading hands.
CI Financial Trading Up 1.3 %
The company’s fifty day moving average is $14.97 and its 200-day moving average is $12.64. The company has a debt-to-equity ratio of 3.53, a current ratio of 0.34 and a quick ratio of 0.34. The company has a market capitalization of $2.50 billion, a PE ratio of -51.76 and a beta of 1.31.
CI Financial Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.1471 dividend. The ex-dividend date was Friday, September 27th. This represents a dividend yield of 4.37%. CI Financial’s payout ratio is currently -178.78%.
About CI Financial
CI Financial Corp. is a publicly owned asset management holding company. Through its subsidiaries, the firm manages separate client focused equity, fixed income, and alternative investments portfolios. It also manages mutual funds, hedge funds, and fund of funds for its clients through its subsidiaries.
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