Genworth MI Canada Inc (MIC) To Go Ex-Dividend on November 14th
Genworth MI Canada Inc (TSE:MIC) declared a quarterly dividend on Thursday, November 3rd. Stockholders of record on Wednesday, November 16th will be paid a dividend of 0.44 per share on Friday, November 25th. This represents a $1.76 annualized dividend and a dividend yield of 5.89%. The ex-dividend date of this dividend is Monday, November 14th. This is a boost from Genworth MI Canada’s previous quarterly dividend of $0.42.
Genworth MI Canada (TSE:MIC) opened at 29.88 on Friday. Genworth MI Canada has a one year low of $22.14 and a one year high of $36.35. The stock’s 50 day moving average is $30.08 and its 200 day moving average is $32.86. The firm has a market cap of $2.74 billion and a P/E ratio of 7.60.
Several equities research analysts recently weighed in on MIC shares. CIBC reduced their target price on Genworth MI Canada from C$37.00 to C$35.00 in a report on Thursday, October 13th. TD Securities reiterated a “hold” rating and set a C$38.00 price target on shares of Genworth MI Canada in a report on Wednesday, August 3rd. BMO Capital Markets cut their price target on Genworth MI Canada from C$40.00 to C$38.00 and set an “outperform” rating for the company in a report on Wednesday, October 5th. Scotiabank reiterated a “sector perform” rating and set a C$33.00 price target on shares of Genworth MI Canada in a report on Friday, November 4th. Finally, RBC Capital Markets cut their price target on Genworth MI Canada from C$36.00 to C$32.00 and set a “sector perform” rating for the company in a report on Thursday, October 6th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of C$33.67.
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