Industrial Alliance Insur. & Fin. Ser. (TSE:IAG) announced a quarterly dividend on Thursday, August 23rd, TickerTech reports. Stockholders of record on Monday, September 17th will be given a dividend of 0.415 per share on Monday, September 17th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date is Thursday, August 23rd. This is a positive change from Industrial Alliance Insur. & Fin. Ser.’s previous quarterly dividend of $0.38.

TSE IAG opened at C$53.90 on Friday. Industrial Alliance Insur. & Fin. Ser. has a one year low of C$48.67 and a one year high of C$62.01.

In other Industrial Alliance Insur. & Fin. Ser. news, insider Michael Lee Stickney sold 1,000 shares of Industrial Alliance Insur. & Fin. Ser. stock in a transaction dated Thursday, May 24th. The stock was sold at an average price of C$53.50, for a total transaction of C$53,500.00. Also, insider Michel Tremblay sold 2,000 shares of Industrial Alliance Insur. & Fin. Ser. stock in a transaction dated Monday, June 11th. The shares were sold at an average price of C$53.89, for a total value of C$107,780.00. In the last three months, insiders sold 6,000 shares of company stock valued at $321,380.

Several equities research analysts recently weighed in on the company. Canaccord Genuity set a C$60.00 price objective on Industrial Alliance Insur. & Fin. Ser. and gave the stock a “buy” rating in a report on Tuesday, July 24th. BMO Capital Markets raised Industrial Alliance Insur. & Fin. Ser. from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from C$60.00 to C$65.00 in a report on Friday, August 3rd. National Bank Financial decreased their price objective on Industrial Alliance Insur. & Fin. Ser. from C$66.00 to C$62.00 and set a “sector perform” rating for the company in a report on Friday, August 3rd. Scotiabank decreased their price objective on Industrial Alliance Insur. & Fin. Ser. from C$62.00 to C$60.00 and set a “sector perform” rating for the company in a report on Friday, May 11th. Finally, TD Securities decreased their price objective on Industrial Alliance Insur. & Fin. Ser. from C$67.00 to C$66.00 and set a “buy” rating for the company in a report on Friday, May 11th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of C$62.67.

About Industrial Alliance Insur. & Fin. Ser.

Industrial Alliance Insurance and Financial Services Inc, doing business as, iA Financial Group, primarily provides various life and health insurance products in Canada. The company operates through four segments: Individual Insurance, Individual Wealth Management, Group Insurance, and Group Savings and Retirement.

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Dividend History for Industrial Alliance Insur. & Fin. Ser. (TSE:IAG)

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