Great-West Lifeco Inc Declares Quarterly Dividend of $0.37 (TSE:GWO)
Great-West Lifeco Inc (TSE:GWO) announced a quarterly dividend on Thursday, August 3rd, Zacks reports. Stockholders of record on Friday, September 1st will be paid a dividend of 0.367 per share on Friday, September 29th. This represents a $1.47 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend is Wednesday, August 30th.
Shares of Great-West Lifeco (TSE GWO) traded up 0.48% during midday trading on Friday, hitting $35.72. The stock had a trading volume of 164,966 shares. Great-West Lifeco has a one year low of $30.83 and a one year high of $37.79. The company has a market cap of $35.36 billion and a P/E ratio of 13.55. The firm has a 50 day moving average of $35.06 and a 200-day moving average of $35.74.
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Several research analysts have recently issued reports on the stock. BMO Capital Markets reiterated a “market perform” rating and issued a C$39.00 price objective on shares of Great-West Lifeco in a report on Wednesday, April 26th. Barclays PLC increased their price objective on shares of Great-West Lifeco from C$36.00 to C$37.00 in a report on Wednesday, July 12th. CIBC increased their price objective on shares of Great-West Lifeco from C$37.00 to C$39.00 in a report on Wednesday, April 26th. Scotiabank decreased their price objective on shares of Great-West Lifeco from C$41.00 to C$39.00 and set a “sector perform” rating for the company in a report on Friday, May 5th. Finally, TD Securities cut shares of Great-West Lifeco from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$42.00 to C$37.00 in a report on Friday, May 5th. One equities research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of C$36.70.
In related news, insider Lifeco U.S. Holding Great-West sold 33,665 shares of the firm’s stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of C$34.11, for a total transaction of C$1,148,313.15. Also, Director Deborah Jean Barrett bought 2,900 shares of Great-West Lifeco stock in a transaction that occurred on Tuesday, May 9th. The shares were acquired at an average price of C$34.91 per share, with a total value of C$101,239.00.
Great-West Lifeco Company Profile
Great-West Lifeco Inc (Lifeco) is a financial services holding company. The Company has interests in the life insurance, health insurance, asset management, investment and retirement savings, and reinsurance businesses. It operates through four operating segments: Canada, United States, Europe and Lifeco Corporate.
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