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CI Financial Named Top 25 Dividend Stock With 3.31% Yield (CIX)

Posted
3/31/2014 9:14:00 AM
By: BNK Invest
Referenced Stocks:

CI Financial Corporation (TSX: CIX.TO ) has been named as a Top 25 dividend stock, according the most recent Canada Stock Channel ''DividendRank'' report. The report noted that among the coverage universe, CIX shares displayed both attractive valuation metrics and strong profitability metrics. The report also cited the strong monthly dividend history at CI Financial Corporation, and favorable long-term multi-year growth rates in key fundamental data points.

The report stated, '' Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. That's what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most 'interesting' stocks, meant for investors as a source of ideas that merit further research. ''

The annualized dividend paid by CI Financial Corporation is $1.1400/share, currently paid in monthly installments, and its most recent dividend ex-date was on 04/28/2014. Below is a long-term dividend history chart for CIX, which the report stressed as being of key importance. Indeed, studying a company's past dividend history can be of good help in judging whether the most recent dividend is likely to continue.

CIX+Dividend+History+Chart

The Top 25 DividendRank'ed Canadian Stocks ยป