Great-West Lifeco Inc. (TSE:GWO) to Issue $0.67 Quarterly Dividend

Great-West Lifeco Inc. (TSE:GWO) announced a quarterly dividend on Tuesday, September 1st. Investors of record on Tuesday, September 29th will be given a dividend of 0.67 per share on Tuesday, September 29th. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, September 1st.

Great-West Lifeco Stock Performance

Shares of Great-West Lifeco stock opened at C$88.58 on Wednesday. Great-West Lifeco has a one year low of C$52.51 and a one year high of C$94.10. The company has a market cap of C$79.30 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 2.26 and a beta of 0.68. The company has a debt-to-equity ratio of 28.63, a quick ratio of 22.18 and a current ratio of 6.07. The business’s 50 day moving average price is C$91.06 and its 200 day moving average price is C$78.44.

Great-West Lifeco (TSE:GWO) last issued its earnings results on Tuesday, July 28th. The company reported C$1.42 earnings per share (EPS) for the quarter. Great-West Lifeco had a return on equity of 15.48% and a net margin of 12.49%.The company had revenue of C$8.35 billion during the quarter. On average, research analysts predict that Great-West Lifeco will post 4.4525194 EPS for the current year.

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.