Wednesday, July 30, 2008

IGM continues semi-annual raises

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.


Nurse B, 911 said...

This almost caps a GREAT WEEK in all my portfolios. I've been impressed with the earnings results and IGM's div raise was the icing on the cake.

Now if we could only get a 5% raise out of SLF tomorrow I might just have to take the weekend off :)

Bean said...

Good month for dividend increases, IGM, GWO, Husky, PCA. Imperial Oil increased 11% today which was nice to see too.

Sad day too though ... Rothmans is getting bought out, they've been a very good dividend grower over the years. Decent take-over premium makes up for it though!

Dividends4Life said...

Nothing wrong with raising a dividend more than once a year!

Best Wishes,