iA Financial Corporation announces $0.9900 quarterly dividend

iA Financial Corporation announced a $0.9900 quarterly dividend at its Montreal headquarters on March 15, 2024, as part of its commitment to returning value to shareholders following a strong financial performance in the first quarter. The Canadian financial services provider declared the dividend, representing a continuation of its consistent distribution policy that has benefited investors for multiple consecutive years. The dividend will be paid on April 15, 2024, to shareholders of record as of March 29, 2024, with the ex-dividend date set for March 27, 2024. This announcement comes after iA Financial reported a 12% increase in net income for the first quarter, driven by strong growth in its wealth management division and improved performance in its insurance operations. The company has maintained a steady dividend payout ratio of approximately 35-40% of earnings, reflecting a balanced approach to shareholder returns and reinvestment in strategic growth initiatives.