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Power of Canada (TSX:POW.PR.C.PFD) Forward Dividend Yield %

: 6.55% (As of Today)
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As of today (2024-04-18), the Forward Annual Dividend Yield of Power of Canada is 6.55%.

As of today (2024-04-18), the Trailing Annual Dividend Yield of Power of Canada is 6.55%.

TSX:POW.PR.C.PFD's Forward Dividend Yield % is ranked better than
81.33% of 391 companies
in the Insurance industry
Industry Median: 3.8 vs TSX:POW.PR.C.PFD: 6.55

Power of Canada's Dividends per Share for the three months ended in Dec. 2023 was C$0.00.

During the past 12 months, Power of Canada's average Dividends Per Share Growth Rate was 6.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -1.50% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 6.30% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 7.00% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Power of Canada was 33.20% per year. The lowest was -1.50% per year. And the median was 8.00% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the Insurance - Life subindustry, Power of Canada's Forward Dividend Yield %, along with its competitors' market caps and Forward Dividend Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Power of Canada Forward Dividend Yield % Distribution

For the Insurance industry and Financial Services sector, Power of Canada's Forward Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Power of Canada's Forward Dividend Yield % falls into.



Power of Canada Forward Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

Power of Canada Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
CAD 0.3632024-03-272024-03-282024-04-15Cash DividendquarterlyCAD:CAD 1.000000
CAD 0.3632023-12-212023-12-222024-01-15Cash DividendquarterlyCAD:CAD 1.000000
CAD 0.3632023-09-212023-09-222023-10-15Cash DividendquarterlyCAD:CAD 1.000000
CAD 0.3632023-06-222023-06-232023-07-15Cash DividendquarterlyCAD:CAD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Power of Canada's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=1.452/22.15
=6.56 %

Current Share Price is C$22.15.
Power of Canada's Dividends per Share for the forward twelve months is calculated as C$0.363 * 4 = C$1.452.

Power of Canada's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=1.452/22.15
=6.56 %

Current Share Price is C$22.15.
Power of Canada's Dividends per Share for the trailing twelve months (TTM) ended in Today is C$1.452.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Power of Canada  (TSX:POW.PR.C.PFD) Forward Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


Power of Canada Forward Dividend Yield % Related Terms

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Power of Canada (TSX:POW.PR.C.PFD) Business Description

Address
751 Victoria Square, Montreal, QC, CAN, H2Y 2J3
Power Corporation of Canada is a holding company with controlling interests in Great-West Life (an insurance conglomerate), IGM Financial (Canada's largest nonbank asset manager), and other alternative asset-management platforms (Sagard and Power Sustainable). The company also has minority interests in Groupe Bruxelles Lambert (a holding company with interests in European companies) and ChinaAMC (an asset manager in China).

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