Power Co. of Canada (TSE:POW) Stock Crosses Above 200-Day Moving Average of $29.09
Power Co. of Canada (TSE:POW)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $29.09 and traded as high as $30.70. Power Co. of Canada shares last traded at $30.66, with a volume of 323,093 shares trading hands.
Separately, CIBC decreased their target price on shares of Power Co. of Canada from C$34.00 to C$31.00 in a research report on Wednesday, August 7th.
The business’s 50 day moving average is C$29.40 and its 200 day moving average is C$29.08. The company has a market capitalization of $11.51 billion and a price-to-earnings ratio of 14.21. The company has a debt-to-equity ratio of 48.90, a quick ratio of 18.22 and a current ratio of 22.24.
The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 9th were issued a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 5.30%. The ex-dividend date of this dividend was Friday, September 6th. This is a positive change from Power Co. of Canada’s previous quarterly dividend of $0.38. Power Co. of Canada’s payout ratio is presently 72.11%.
Power Co. of Canada Company Profile (TSE:POW)
Power Corporation of Canada operates as a diversified international management and holding company with interests primarily in the financial services, sustainable and renewable energy, asset management, communications, and other business sectors in North America, Europe, and Asia. The company operates through Lifeco, IGM Financial, and Pargesa segments.
Receive News & Ratings for Power Co. of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Power Co. of Canada and related companies with MarketBeat.com's FREE daily email newsletter.