2024-06-12 02:27:42 ET
Summary
- iA Financial offers growth at a reasonable price via acquisitions.
- It has demonstrated a history of solid returns since its 2000 IPO.
- It offers a 3.7% dividend yield with a low payout ratio, an excellent setup for further dividend growth.
iA Financial Corporation ( IAG:CA ) (IAFNF) is a little-followed Canadian life insurance company with a long history, solid growth potential, a good balance sheet, and attractive dividend growth prospects that trades at a cheap valuation.
(All numbers in Canadian dollars unless indicated otherwise)
Introduction
iA Financial can trace its history all the way back to 1892. That was the year Alliance Nationale opened its doors in Montreal with just $10,000 in assets....
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iA Financial: Under-The-Radar Dividend Growth Plus 3.7% Yield