Another day, another dividend raise. Canada's largest mutual fund manager, IGM Financial (IGM), manager of $119 Billion worth of investment assets, raised their quarterly dividend today from $0.4875 to $0.5125/share. This represents an increase of over 5%. This raise continues IGM's long streak of raising dividends twice annually. The stock is yielding 4.9% on today's closing price.
My thoughts on IGM Financial.