Buying activity reported by multiple insiders. "Between Jan. 14 and 22, chairman of the board Bill Holland invested over $4-million in shares of CI. He acquired a total of 250,000 shares at an average price per share of approximately $16.35.
On Jan. 19, Bill Butt, appointed to the board of directors in 2019, bought 60,000 shares at a cost per share of $16.4547 for an account in which he has indirect ownership (Dunedin Investment Corporation). The cost of this investment exceeded $987,000, excluding commission charges.
On Jan. 22, Tom Muir, sitting on the board of directors since 2011, acquired 15,000 shares at a cost per share of $16.53 for an account in which he has indirect ownership (Muir Investments Limited). The cost of this purchase totaled approximately $248,000, not including trading fees.
The company pays its shareholders a quarterly dividend of 18 cents per share or 72 cents per share yearly, equating to a current annualized yield of over 4 per cent."