Power Co. of Canada (POW) Sets New 1-Year High at $32.62

Power Co. of Canada (TSE:POW) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$32.62 and last traded at C$32.62, with a volume of shares.

POW has been the topic of several analyst reports. Royal Bank Of Canada restated a “sector perform” rating on shares of Power Co. of Canada in a report on Wednesday, June 28th. Barclays PLC raised their price objective on Power Co. of Canada from C$32.00 to C$33.00 in a report on Tuesday, August 1st.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 8th were paid a $0.359 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This is an increase from Power Co. of Canada’s previous quarterly dividend of $0.36. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.44%.

In related news, insider Stéphane Lemay sold 22,609 shares of the company’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of C$32.19, for a total value of C$727,783.71.

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About Power Co. of Canada

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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