Power Co. of Canada Plans Quarterly Dividend of $0.56 (TSE:POW)

Power Co. of Canada (TSE:POWGet Free Report) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Stockholders of record on Friday, June 28th will be given a dividend of 0.563 per share by the financial services provider on Thursday, August 1st. This represents a $2.25 dividend on an annualized basis and a dividend yield of 5.88%. The ex-dividend date of this dividend is Friday, June 28th.

Power Co. of Canada Stock Up 0.3 %

Shares of POW opened at C$38.31 on Thursday. The firm has a fifty day moving average price of C$38.61 and a 200-day moving average price of C$38.41. The company has a current ratio of 90.10, a quick ratio of 107.64 and a debt-to-equity ratio of 48.88. The firm has a market capitalization of C$22.80 billion, a P/E ratio of 9.34, a P/E/G ratio of 0.95 and a beta of 1.10. Power Co. of Canada has a 12-month low of C$32.33 and a 12-month high of C$40.59.

Power Co. of Canada (TSE:POWGet Free Report) last issued its earnings results on Wednesday, May 8th. The financial services provider reported C$1.12 EPS for the quarter, topping analysts’ consensus estimates of C$1.09 by C$0.03. The business had revenue of C$2.73 billion for the quarter. Power Co. of Canada had a net margin of 7.84% and a return on equity of 10.37%. Equities research analysts expect that Power Co. of Canada will post 4.5839161 earnings per share for the current year.

Analyst Upgrades and Downgrades

POW has been the topic of several research reports. Scotiabank upgraded Power Co. of Canada from a “sector perform” rating to an “outperform” rating and set a C$47.00 price target on the stock in a research note on Thursday, May 23rd. Royal Bank of Canada boosted their price target on Power Co. of Canada from C$45.00 to C$46.00 in a research report on Thursday, May 9th. BMO Capital Markets upped their price objective on Power Co. of Canada from C$41.00 to C$42.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 7th. CIBC boosted their target price on shares of Power Co. of Canada from C$40.00 to C$43.00 in a report on Thursday, May 9th. Finally, TD Securities raised their price target on shares of Power Co. of Canada from C$42.00 to C$44.00 in a report on Friday, May 10th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$43.00.

Read Our Latest Report on Power Co. of Canada

Power Co. of Canada Company Profile

(Get Free Report)

Power Corporation of Canada, an international management and holding company, offers financial services in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, health and dental, disability, critical illness, and creditor insurance; accidental death and dismemberment; retirement savings and income and annuity products; and life assurance, pension, and investment products to individuals and small business owners.

See Also

Dividend History for Power Co. of Canada (TSE:POW)

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