Power Financial Corp (TSE:PWF) announced a quarterly dividend on Thursday, November 8th, Zacks reports. Shareholders of record on Monday, December 31st will be paid a dividend of 0.433 per share by the financial services provider on Friday, February 1st. This represents a $1.73 annualized dividend and a yield of 6.11%. The ex-dividend date is Friday, December 28th.
Power Financial stock traded down C$0.28 during midday trading on Friday, hitting C$28.36. The company’s stock had a trading volume of 226,805 shares, compared to its average volume of 499,445. The company has a current ratio of 44.02, a quick ratio of 41.43 and a debt-to-equity ratio of 45.70. Power Financial has a 12 month low of C$27.74 and a 12 month high of C$36.15.
Several analysts have issued reports on the company. CIBC boosted their price objective on Power Financial from C$36.50 to C$37.00 in a report on Tuesday, August 7th. Barclays cut their price objective on Power Financial from C$36.00 to C$34.00 in a report on Friday, July 27th. BMO Capital Markets cut their price objective on Power Financial from C$34.00 to C$31.00 in a report on Tuesday. TD Securities upgraded Power Financial from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$36.00 to C$37.00 in a report on Wednesday, August 8th. Finally, Royal Bank of Canada cut their price objective on Power Financial from C$37.00 to C$36.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 7th.
Power Financial Company Profile
Power Financial Corporation provides financial services in Canada, the United States, Europe, and Asia. It offers life, disability, critical illness, accidental death and dismemberment, health and dental protection, creditor, and direct marketing insurance products, as well as specialty products; and wealth accumulation and annuity products.
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