Insider report... On Sept. 16, chair of the board of directors Bill Holland bought 11,800 shares at a price per share of $14.8279 for an account in which he has indirect ownership (WH Corp.), increasing this particular account’s position to 1,628,700 shares. The cost of this purchase totaled roughly $175,000, excluding trading fees.
Previously, we reported that between Aug. 12 and Sept. 1, Mr. Holland invested over $2.8-million in shares of CI. He bought a total of 191,900 shares at an average price per share of approximately $14.72 for this account.
Mr. Holland is CI’s former chief executive officer.
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 approximately 5 per cent.