Topic: Dividend Stocks

IGM FINANCIAL INC. $45 – Toronto symbol IGM

IGM FINANCIAL INC. $45 (Toronto symbol IGM; Conservative Growth Portfolio, Finance sector; Shares outstanding: 251.4 million; Market cap: $11.3 billion; Price-to-sales ratio: 4.8; Dividend yield: 5.0%; TSINetwork Rating: Above Average; www.igmfinancial.com) had $148.4 billion worth of assets under management as of March 31, 2015, up 8.1% from $137.3 billion a year earlier. The company’s fee income rises and falls with the value of the mutual funds and other securities it manages, so its revenue and earnings gain when the price of these assets rises.

IGM Financial is a buy.

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