Tuesday, November 10, 2009

CI Financial's Mixed Results

CI Financial reported Q3 results:

  • Good News: CI raises dividend 20%
  • Bad News: Profit plunges 86%

The new dividend rate is $0.06 per month.

1 comments:

Think Dividends said...

the Board of Directors declared monthly cash dividends of $0.06 per share payable on each of December 15, 2009, January 15, 2010 and February 12, 2010 to shareholders of record on November 30, 2009, December 31, 2009 and January 31, 2010, respectively. The monthly dividend rate of $0.06 per share is an increase of 20% over the former rate of $0.05 per share and represents a yield of 3.7% on CI's closing share price of $19.25 on November 9, 2009.

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