Power Co. of Canada (POW) Insider Stéphane Lemay Sells 25,975 Shares
Power Co. of Canada (TSE:POW) insider Stéphane Lemay sold 25,975 shares of Power Co. of Canada stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of C$31.90, for a total value of C$828,602.50.
Power Co. of Canada (TSE:POW) traded down 0.38% during trading on Friday, reaching $31.87. The company’s stock had a trading volume of 247,367 shares. The company has a market cap of $14.77 billion and a P/E ratio of 10.83. The company’s 50 day moving average price is $30.85 and its 200 day moving average price is $30.44. Power Co. of Canada has a 52 week low of $27.84 and a 52 week high of $32.49.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 8th were paid a dividend of $0.359 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.49%. This is an increase from Power Co. of Canada’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Thursday, September 7th.
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A number of analysts recently issued reports on POW shares. Barclays PLC lifted their price objective on Power Co. of Canada from C$32.00 to C$33.00 in a research report on Tuesday, August 1st. Royal Bank Of Canada reissued a “sector perform” rating on shares of Power Co. of Canada in a research report on Wednesday, June 28th.
Power Co. of Canada Company Profile
Power Corporation of Canada is a diversified management and holding company. The Company has interest in the financial services, renewable energy, communications and other business sectors. Its principal asset is the controlling interest in Power Financial Corporation (Power Financial). Its segments are Great-West Lifeco Inc (Lifeco), IGM Financial Inc (IGM) and Pargesa Holding SA (Pargesa).
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