Great-West Lifeco Inc. (GWO) to Distribute Quarterly Dividend of $0.67 on September 29th

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) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Tuesday, September 1st.

Great-West Lifeco Trading Up 2.0%

Shares of GWO stock opened at C$90.38 on Thursday. The company has a quick ratio of 22.18, a current ratio of 6.07 and a debt-to-equity ratio of 28.63. Great-West Lifeco has a fifty-two week low of C$52.51 and a fifty-two week high of C$94.10. The firm’s 50 day moving average price is C$91.09 and its two-hundred day moving average price is C$78.64. The stock has a market cap of C$80.91 billion, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 2.26 and a beta of 0.68.

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

Insider Activity

In other Great-West Lifeco news, Director Edmund Francis Murphy sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of C$86.20, for a total value of C$3,448,000.00. Following the transaction, the director owned 8,784 shares in the company, valued at approximately C$757,180.80. This represents a 81.99% decrease in their position. Also, insider Jean-Francois Poulin sold 20,000 shares of the stock in a transaction that occurred on Friday, June 19th. The stock was sold at an average price of C$89.55, for a total transaction of C$1,791,000.00. Following the completion of the sale, the insider owned 160 shares of the company’s stock, valued at approximately C$14,328. The trade was a 99.21% decrease in their position. Insiders own 70.70% of the company’s stock.

Great-West Lifeco Company Profile

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.