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IGM Financial Inc (IGIFF) is the largest non-bank-affiliated asset manager in Canada. The firm is part of the Power Financial group of companies, which holds a 62% equity stake in IGM Financial as well as stakes in Great-West Life, London Life, and Canada Life.

IGM has two main operating divisions—asset management (operated through Mackenzie Investments) and wealth management (via its IG Wealth Management subsidiary)—that provide investment management products and services.

At the end of October 2024, IGM Financial had CAD 249.1 billion in AUM at Mackenzie Investments, CAD 120.9 billion in assets under advisement at its IG Wealth Management subsidiary, and CAD 15.6 billion in other AUA.

The company was incorporated in 1978 and is based in Winnipeg, Canada.

Three key data points gauge IGM Financial Inc. or any dividend-paying firm.

The key three are:

(1) Price

(2) Dividends

(3) Returns

Those three keys also best tell whether any company has made, is making, and will make money.

IGIFF Price

Share price increased about 20.3% in the past year from $26.38 to $31.75, as of Thursday’s market close.

In the past 3 years the company’s share price has ranged from $22.14 to $36.75, its all-time high of $54.57 was reached December 21, 2007.

If shares trade in the range of $24.00 to $40.00 this next year, the recent $31.75 share price might grow to $36.45. Of course, IGIFF shares could also drop about the same $4.70 estimated amount or more.

My $4.70 price upside estimate is based on the average IGIFF one-year price gain over the past year.

IGIFF Dividend

IGM Financial Inc. has paid variable quarterly dividends since January 30, 2004. The company’s most recent Q dividend of $0.39 was declared on November 7th for shareholders of record prior to December 31st and the payout is due January 31st. A forward-looking annual dividend of $1.57 yields 4.94% per Thursday’s closing price.

IGIFF Returns

Putting it all together, a $6.27 estimated annual gross gain per share shows up by adding IGIFF’s annual $1.57 dividend to the estimated $4.70 annual price gain, totaling that $6.27 amount.

A little under $1000 buys 31 shares at Thursday’s $31.75 share price.

A $10 broker fee (if charged), collected half at purchase and half at the sale, might take about $0.3225 per share out of the $6.27 gross gain to give us a net gain of $5.9475 X 31 shares = $184.37 for about an 18.5% estimated net gain on the year.

Furthermore, the $49.40 annual estimated dividend income from $1k invested in IGIFF is over 1.5 times more than the $31.75 single-share price. By these numbers, IGIFF may be an ideal financial dividend dog.

Therefore, you may choose to pounce on IGM Financial Inc. It is a 47 year-old quarterly variable dividend-paying asset management company with a 21 year dividend record.

The exact track of IGM Financial Inc's future price and dividend will entirely be determined by market action and company finances.

Remember the best way to track dividend payments is through direct ownership of company shares.

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