Power Financial Corp (PWF) to Issue Quarterly Dividend of $0.41 on November 1st
Power Financial Corp (TSE:PWF) announced a quarterly dividend on Friday, August 4th, Zacks reports. Investors of record on Friday, September 29th will be paid a dividend of 0.412 per share by the financial services provider on Wednesday, November 1st. This represents a $1.65 annualized dividend and a dividend yield of 4.78%. The ex-dividend date is Thursday, September 28th. This is a boost from Power Financial Corp’s previous quarterly dividend of $0.35.
Shares of Power Financial Corp (TSE PWF) traded up 0.41% during midday trading on Friday, hitting $34.50. The company had a trading volume of 569,256 shares. Power Financial Corp has a one year low of $30.01 and a one year high of $36.46. The company’s 50 day moving average is $33.86 and its 200 day moving average is $33.93. The firm has a market cap of $24.61 billion and a price-to-earnings ratio of 11.30.
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Separately, Barclays PLC upped their price target on Power Financial Corp from C$36.00 to C$37.00 in a research note on Tuesday, August 1st.
About Power Financial Corp
Power Financial Corp is a Canada-based diversified management and holding company. It has operations in the financial services sector in Canada, the United States and Europe, through its controlling interests in Great- West Lifeco Inc (Lifeco) and IGM Financial Inc (IGM). It operates through three segments: Lifeco, IGM and Pargesa Holding SA (Pargesa).
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