Ci Financial stock dividend – “CI Financial Corp Declares a 0.18 Cash Dividend”.
March 19, 2023
Dividends Yield
On March 2 2023, CI Financial Corp announced a 0.18 cash dividend per share. CI FINANCIAL ($BER:CF7) has consistently issued annual dividends per share of 0.36 CAD in the past year, yielding an average of 2.0% from 2021 to 2022. This dividend is the first of two expected in the current financial year, with the second expected to be declared at the end of the year. The ex-dividend date for this dividend will be March 30 2023. This move by CI FINANCIAL is likely to be welcomed by shareholders as it will provide them with additional income and the potential to increase their overall return on investment. Furthermore, any increase in the dividend rate will be a strong signal of confidence in the company’s future prospects. Shareholders should take note that dividends are not guaranteed and can be changed or canceled at any time.
Additionally, taxes may be applicable on the dividend payment, so it is important to consult a financial advisor. In conclusion, CI FINANCIAL’s decision to declare a 0.18 cash dividend per share is a prudent move that will benefit shareholders and provide them with additional income. Furthermore, the dividend rate is a strong signal of the company’s confidence in its future prospects. Shareholders should remember that dividends are not guaranteed and taxes may be applicable on the payment.
Market Price
This news came as CI FINANCIAL stock opened at €10.5 and closed at €10.4 for the day. This represents a 3% increase in the dividend payout year-over-year. The company is focused on providing innovative and comprehensive wealth management solutions to its clients. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ci Financial. More…
| Total Revenues | Net Income | Net Margin |
| 2.98k | 432.94 | 15.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ci Financial. More…
| Operations | Investing | Financing |
| 585.87 | -862.21 | -157.14 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ci Financial. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 9.28k | 7.59k | 9.04 |
Key Ratios Snapshot
Some of the financial key ratios for Ci Financial are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.1% | 4.1% | 25.5% |
| FCF Margin | ROE | ROA |
| 18.8% | 28.4% | 5.1% |
Analysis – Ci Financial Intrinsic Value Calculator
At GoodWhale, we have analyzed the financials of CI FINANCIAL, and our proprietary Valuation Line has calculated a fair value of €12.6 for the share. However, at the moment the stock is traded at €10.4, representing a 17.5% discount to its fair value. This suggests that now could be a good time to invest in CI FINANCIAL. More…
Summary
CI Financial is a Canadian investment firm offering a range of investment products to individuals, businesses, and institutions. Its annual dividend per share of 0.36 CAD offers investors an attractive yield of 2.0% from 2021 to 2022. The company’s portfolio includes a diverse range of investments including stocks, bonds, mutual funds, ETFs and alternative investments. Its investment research is carried out by experienced professionals who are able to identify opportunities in the global markets and manage risk. CI Financial also provides portfolio management services and offers a range of financial planning services for investors.
Additionally, the firm provides comprehensive reports and analyses to its clients to help them make informed decisions about their investments.
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