Power Financial Corp (PWF) Declares Quarterly Dividend of $0.41

Power Financial Corp (TSE:PWF) announced a quarterly dividend on Friday, November 10th, Zacks reports. Shareholders of record on Friday, December 29th will be paid a dividend of 0.412 per share by the financial services provider on Thursday, February 1st. This represents a $1.65 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend is Thursday, December 28th.

Power Financial (TSE:PWF) traded down C$0.09 on Friday, hitting C$34.91. The stock had a trading volume of 161,700 shares, compared to its average volume of 410,572. Power Financial has a 12 month low of C$31.75 and a 12 month high of C$37.00. The company has a market capitalization of $24,920.00, a PE ratio of 11.83 and a beta of 0.67.

Several research firms have recently weighed in on PWF. Desjardins increased their price objective on Power Financial from C$39.00 to C$40.00 in a research report on Monday, December 4th. Royal Bank of Canada increased their price objective on Power Financial from C$37.00 to C$39.00 and gave the company a “sector perform” rating in a research report on Monday, November 13th. Finally, Barclays increased their price objective on Power Financial from C$37.00 to C$39.00 in a research report on Tuesday, November 7th.

In other news, Director Robert Jeffrey Orr sold 200,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of C$36.02, for a total value of C$7,204,000.00.

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Power Financial Company Profile

Power Financial Corp is a Canada-based diversified management and holding company. It has operations in the financial services sector in Canada, the United States and Europe, through its controlling interests in Great- West Lifeco Inc (Lifeco) and IGM Financial Inc (IGM). It operates through three segments: Lifeco, IGM and Pargesa Holding SA (Pargesa).

Dividend History for Power Financial (TSE:PWF)

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