Power Financial Corp (PWF) Announces Dividend Increase – $0.43 Per Share

Power Financial Corp (TSE:PWF) announced a quarterly dividend on Friday, April 6th, TickerTech reports. Shareholders of record on Tuesday, May 1st will be given a dividend of 0.433 per share by the financial services provider on Tuesday, May 1st. This represents a $1.73 annualized dividend and a yield of 5.37%. The ex-dividend date of this dividend is Friday, April 6th. This is a boost from Power Financial’s previous quarterly dividend of $0.41.

Power Financial stock opened at C$32.26 on Friday. Power Financial has a 1-year low of C$31.50 and a 1-year high of C$37.00.

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A number of analysts have recently weighed in on the stock. BMO Capital Markets reiterated a “market perform” rating and set a C$37.00 target price on shares of Power Financial in a report on Monday, March 19th. Royal Bank of Canada dropped their target price on shares of Power Financial from C$39.00 to C$37.00 and set a “sector perform” rating for the company in a report on Monday, March 26th. Barclays dropped their target price on shares of Power Financial from C$39.00 to C$37.00 in a report on Monday, March 19th. Desjardins dropped their target price on shares of Power Financial from C$40.00 to C$38.00 in a report on Friday, March 2nd. Finally, CIBC dropped their target price on shares of Power Financial from C$37.00 to C$36.50 in a report on Wednesday, February 28th.

In related news, Director John David Allan Jackson purchased 4,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was bought at an average cost of C$33.44 per share, with a total value of C$150,480.00.

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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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