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

Power Co. of Canada (TSE:POW) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Investors of record on Friday, June 28th will be paid a dividend of 0.563 per share by the financial services provider on Thursday, August 1st. This represents a $2.25 annualized dividend and a yield of 5.57%. The ex-dividend date of this dividend is Friday, June 28th.

Power Co. of Canada Trading Up 0.1 %

POW traded up C$0.05 on Friday, hitting C$40.45. The company had a trading volume of 63,405 shares, compared to its average volume of 2,892,763. The company has a market cap of C$24.07 billion, a PE ratio of 11.79, a PEG ratio of 0.95 and a beta of 1.09. The company has a quick ratio of 107.64, a current ratio of 23.47 and a debt-to-equity ratio of 50.75. The business’s fifty day simple moving average is C$37.95 and its 200 day simple moving average is C$37.56. Power Co. of Canada has a 12-month low of C$32.33 and a 12-month high of C$40.55.

Power Co. of Canada (TSE:POW) last released its earnings results on Wednesday, March 20th. The financial services provider reported C$0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.00 by C($0.11). Power Co. of Canada had a return on equity of 8.94% and a net margin of 6.89%. The firm had revenue of C$21.37 billion during the quarter. Equities research analysts expect that Power Co. of Canada will post 4.5329341 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on POW shares. National Bankshares boosted their price objective on shares of Power Co. of Canada from C$41.00 to C$42.00 in a research report on Thursday. Jefferies Financial Group increased their price target on Power Co. of Canada from C$43.00 to C$44.00 and gave the stock a “buy” rating in a research report on Tuesday. Desjardins increased their target price on shares of Power Co. of Canada from C$39.00 to C$40.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Royal Bank of Canada increased their price objective on shares of Power Co. of Canada from C$45.00 to C$46.00 in a research note on Thursday. Finally, BMO Capital Markets increased their target price on Power Co. of Canada from C$41.00 to C$42.00 and gave the company a “market perform” rating in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Power Co. of Canada presently has a consensus rating of “Hold” and an average price target of C$42.30.

About Power Co. of Canada

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.