great-west lifeco
Toronto symbol GWO, is Canada’s largest insurance company. It also provides retirement planning and wealth management services.
POWER CORP. $33 (Toronto symbol POW; Conservative- Growth Dividend Payer Portfolio, Finance sector; Shares outstanding: 415.3 million; Market cap: $13.7 billion; Dividend yield: 3.9%; Dividend Sustainability Rating: Above Average; www. powercorporation.com) is a Montreal-based holding company that owns its financial assets through a 65.7% stake in Power Financial....
Sun Life is one of Canada’s oldest life insurance companies. At the same time, it continues to aggressively expand in Asia. That region’s middle class is saving and investing more as its rapid growth continues. The resulting boost to Sun Life’s earnings should let it keep raising its dividend....
GREAT-WEST LIFECO INC. $36 (Toronto symbol GWO; Conservative Growth and Income Portfolios, Finance sector; shares outstanding: 989.9 million; Market cap: $35.6 billion; Price-to-sales ratio: 0.8; Dividend yield: 4.3%; TSINetwork Rating: Above Average; www.greatwestlifeco....
GREAT-WEST LIFECO $34.40 (Toronto symbol GWO; shares outstanding: 990.0 million; Market cap: $34.1 billion; TSINetwork Rating: Above Average; Dividend yield: 4.3%; www.greatwestlifeco.com) is Canada’s second-largest insurance company, after Manulife Financial (Toronto symbol MFC)....
POWER CORP. $30.69 (Toronto symbol POW; Shares o/s: 414.4 million; Market cap: $14.5 billion; TSINetwork Rating: Above Average; Dividend yield: 4.7%; www.powercorporation. com) is a holding company with a diversified list of businesses. It holds its financial assets through its 65.6%-owned Power Financial.
In the quarter ended June 30, 2017, Power Corp.’s earnings per share rose 11.5%, to $0.87 from $0.78 a year earlier.
Power Financial’s assets include 67.6% of insurer Great-West Lifeco and 61.5% of mutualfund provider IGM Financial.
Through its 50% stake in Parjointco, Power Financial also holds 55.5% of Swiss-listed Pargesa Holdings SA....
In the quarter ended June 30, 2017, Power Corp.’s earnings per share rose 11.5%, to $0.87 from $0.78 a year earlier.
Power Financial’s assets include 67.6% of insurer Great-West Lifeco and 61.5% of mutualfund provider IGM Financial.
Through its 50% stake in Parjointco, Power Financial also holds 55.5% of Swiss-listed Pargesa Holdings SA....
These two businesses of Power Financial are leaders in their respective industries. That cuts the risk for each and lets them both pay high, sustainable dividends. Still, for new buying, we prefer IGM over Great-West.
GREAT-WEST LIFECO INC....
GREAT-WEST LIFECO INC....
FORTIS INC. $46 (www.fortisinc.com) continues to benefit from its October 2016 acquisition of ITC Holdings, which owns 25,100 kilometres of high-voltage power lines in the U.S. Midwest. Fortis paid $7.0 billion U.S. in cash and shares; it later sold 19.9% of ITC to Singapore’s sovereign wealth fund for $1.2 billion U.S....
A: Canoe EIT Income Fund, $11.93 symbol EIT.UN on Toronto (Units outstanding: 90.1 million; Market cap: $1.1 billion; www.canoefinancial.com), changed its name from EnerVest Diversified Income Trust in November 2013. The stock symbol remained the same.
Canoe EIT is a closed-end fund that invests in a portfolio of dividend-paying stocks....
Canoe EIT is a closed-end fund that invests in a portfolio of dividend-paying stocks....
POWER CORP. $28.82 (Toronto symbol POW; Shares outstanding: 414.4 million; Market cap: $13.5 billion; TSINetwork Rating: Above Average; Dividend yield: 5.0%; www. powercorporation.com) is a diversified holding company. It holds its financial assets through its 65.6%-owned Power Financial.
In the quarter ended March 31, 2017, Power Corp.’s earnings per share rose 41.5%, to $0.58 from $0.41 a year earlier.
Power Financial’s assets include: 67.6% of Great-West Lifeco, one of Canada’s largest life insurers; and 61.5% of IGM Financial, a leading Canadian mutual-fund provider.
Through its 50% stake in Parjointco, Power Financial also holds 55.5% of Swiss-listed Pargesa Holdings SA....
In the quarter ended March 31, 2017, Power Corp.’s earnings per share rose 41.5%, to $0.58 from $0.41 a year earlier.
Power Financial’s assets include: 67.6% of Great-West Lifeco, one of Canada’s largest life insurers; and 61.5% of IGM Financial, a leading Canadian mutual-fund provider.
Through its 50% stake in Parjointco, Power Financial also holds 55.5% of Swiss-listed Pargesa Holdings SA....
GREAT-WEST LIFECO $33.58 (Toronto symbol GWO; shares outstanding: 986.4 million; Market cap: $33.2 billion; TSINetwork Rating: Above Average; Dividend yield: 4.4%; www.greatwestlifeco.com) is Canada’s secondlargest insurance company, after Manulife Financial (Toronto symbol MFC)....