Great-West Lifeco Inc. (GWO) To Go Ex-Dividend on December 3rd

Great-West Lifeco Inc. (TSE:GWO) announced a quarterly dividend on Wednesday, December 3rd, TickerTech Dividends reports. Stockholders of record on Wednesday, December 31st will be given a dividend of 0.61 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Wednesday, December 3rd.

Great-West Lifeco Price Performance

Great-West Lifeco stock opened at C$64.79 on Monday. The stock’s fifty day moving average price is C$59.45 and its two-hundred day moving average price is C$54.94. Great-West Lifeco has a one year low of C$44.89 and a one year high of C$65.48. The firm has a market cap of C$59.63 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 2.26 and a beta of 0.63.

Great-West Lifeco (TSE:GWO) last released its earnings results on Wednesday, November 5th. The company reported C$1.25 earnings per share for the quarter. The firm had revenue of C$8.21 billion during the quarter. Great-West Lifeco had a return on equity of 14.81% and a net margin of 16.06%. Sell-side analysts expect that Great-West Lifeco will post 4.4525194 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GWO has been the subject of several analyst reports. Scotiabank boosted their target price on shares of Great-West Lifeco from C$59.00 to C$61.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Desjardins lifted their price objective on shares of Great-West Lifeco from C$55.00 to C$60.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. CIBC boosted their price objective on shares of Great-West Lifeco from C$65.00 to C$67.00 in a research report on Friday, November 7th. Barclays raised their target price on Great-West Lifeco from C$58.00 to C$59.00 in a report on Thursday, November 6th. Finally, Royal Bank Of Canada lifted their price target on Great-West Lifeco from C$53.00 to C$60.00 in a research note on Monday, November 10th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Great-West Lifeco currently has an average rating of “Moderate Buy” and a consensus price target of C$62.11.

About Great-West Lifeco

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.