Great-West Lifeco Inc. Plans Quarterly Dividend of $0.67 (TSE:GWO)

Great-West Lifeco Inc. (TSE:GWO) declared a quarterly dividend on Tuesday, June 2nd, TickerTech Dividends reports. Investors of record on Tuesday, June 30th will be paid a dividend of 0.67 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date is Tuesday, June 2nd.

Great-West Lifeco Trading Up 1.0%

Shares of GWO opened at C$80.48 on Friday. Great-West Lifeco has a 12-month low of C$49.78 and a 12-month high of C$80.82. The company has a quick ratio of 22.18, a current ratio of 6.57 and a debt-to-equity ratio of 29.59. The firm has a market capitalization of C$72.27 billion, a price-to-earnings ratio of 17.31, a P/E/G ratio of 2.26 and a beta of 0.59. The stock’s 50-day moving average price is C$71.49 and its 200 day moving average price is C$66.95.

Great-West Lifeco (TSE:GWO) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$1.37 earnings per share (EPS) for the quarter. Great-West Lifeco had a return on equity of 15.17% and a net margin of 12.86%.The firm had revenue of C$8.37 billion for the quarter. As a group, research analysts predict that Great-West Lifeco will post 4.4525194 earnings per share for the current year.

Insider Buying and Selling at Great-West Lifeco

In other Great-West Lifeco news, Director Mei Dong sold 39,400 shares of Great-West Lifeco stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of C$76.33, for a total transaction of C$3,007,402.00. Following the sale, the director directly owned 2,721 shares of the company’s stock, valued at approximately C$207,693.93. The trade was a 93.54% decrease in their ownership of the stock. Also, insider L.P. Great-West Lifeco U.S. Holdings sold 46,413 shares of Great-West Lifeco stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of C$63.46, for a total value of C$2,945,368.98. Over the last ninety days, insiders have sold 105,613 shares of company stock valued at $7,528,257. 70.70% of the stock is currently owned by corporate insiders.

About Great-West Lifeco

Great-West Lifeco is one of the three big Canadian life insurance firms. With just under half of the firm’s profit and revenue in Canada, Great-West also operates in the U.S. and Europe. In Canada, Great-West provides both individual and group insurance. In the United States, Great-West operates Putnam Investments and defined-contribution recordkeeping firm Empower Retirement. In 2020, Great-West announced it would acquire Personal Capital and MassMutual’s recordkeeping business. In Europe, Great-West offers life insurance, annuities, and reinsurance primarily in the U.K., Ireland, and Germany.