Industrial Alliance Insurance and Financial Services Inc. (TSE:IAG) announced a quarterly dividend on Wednesday, November 8th, Zacks reports. Stockholders of record on Friday, November 24th will be given a dividend of 0.38 per share on Friday, December 15th. This represents a $1.52 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Wednesday, November 22nd. This is an increase from Industrial Alliance Insurance and Financial Services’s previous quarterly dividend of $0.35.

Shares of Industrial Alliance Insurance and Financial Services (TSE:IAG) opened at C$59.90 on Tuesday. Industrial Alliance Insurance and Financial Services has a 52 week low of C$48.74 and a 52 week high of C$61.73.

IAG has been the subject of several recent analyst reports. CSFB raised their target price on shares of Industrial Alliance Insurance and Financial Services from C$57.00 to C$60.00 in a research note on Wednesday, November 1st. Scotiabank raised their target price on shares of Industrial Alliance Insurance and Financial Services from C$66.00 to C$67.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 9th. National Bank Financial raised their target price on shares of Industrial Alliance Insurance and Financial Services from C$61.00 to C$64.00 and gave the stock an “outperform” rating in a research note on Thursday, November 9th. Royal Bank Of Canada increased their price target on shares of Industrial Alliance Insurance and Financial Services from C$58.00 to C$65.00 and gave the company a “sector perform” rating in a report on Thursday, November 9th. Finally, BMO Capital Markets cut their price target on shares of Industrial Alliance Insurance and Financial Services to C$66.00 and set an “outperform” rating for the company in a report on Thursday, November 9th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of C$63.22.

In other Industrial Alliance Insurance and Financial Services news, insider RenĂ©e Laflamme sold 5,000 shares of the firm’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of C$53.04, for a total transaction of C$265,200.00. Also, Director Yvon Charest bought 2,000 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were acquired at an average price of C$52.90 per share, with a total value of C$105,800.00. In the last quarter, insiders bought 7,200 shares of company stock valued at $287,892 and sold 17,500 shares valued at $1,010,125.

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Industrial Alliance Insurance and Financial Services Company Profile

Dividend History for Industrial Alliance Insurance and Financial Services (TSE:IAG)

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