Power Co. of Canada (POW) Declares Quarterly Dividend of $0.38

Power Co. of Canada (TSE:POW) announced a quarterly dividend on Thursday, November 8th, Zacks reports. Stockholders of record on Monday, December 10th will be given a dividend of 0.382 per share by the financial services provider on Monday, December 31st. This represents a $1.53 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date is Friday, December 7th.

POW stock opened at C$26.50 on Friday. The company has a debt-to-equity ratio of 44.59, a current ratio of 92.57 and a quick ratio of 87.30. Power Co. of Canada has a 1 year low of C$26.16 and a 1 year high of C$33.06.

A number of equities research analysts have recently issued reports on POW shares. Royal Bank of Canada dropped their price target on Power Co. of Canada from C$35.00 to C$34.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 7th. TD Securities upgraded Power Co. of Canada from a “hold” rating to a “buy” rating and upped their price target for the company from C$32.00 to C$34.00 in a research report on Wednesday, August 8th. Barclays dropped their price target on Power Co. of Canada from C$31.00 to C$29.00 in a research report on Monday, November 5th. BMO Capital Markets dropped their price target on Power Co. of Canada from C$33.00 to C$31.00 in a research report on Tuesday, November 6th. Finally, CIBC dropped their price target on Power Co. of Canada from C$34.00 to C$30.00 in a research report on Monday, November 12th.

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About Power Co. of Canada

Power Corporation of Canada operates as a diversified international management and holding company with interests primarily in the financial services, sustainable and renewable energy, asset management, communications, and other business sectors in North America, Europe, and Asia. The company operates through Lifeco, IGM Financial, and Pargesa segments.

Further Reading: Cost of Capital

Dividend History for Power Co. of Canada (TSE:POW)

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