Power lifts its dividend

POWER CORP. $30.07 (Toronto symbol POW; Shares o/s: 414.4 million; Market cap: $14.1 billion; TSINetwork Rating: Above Average; Dividend yield: 5.1%; www.powercorporation.com) is a holding company with a diversified list of businesses. It holds its financial assets through its 65.6%-owned Power Financial.
In the quarter ended March… Read More

Updating Great-West Lifeco Inc., Canadian Imperial Bank of Commerce, and SNC-Lavalin Group Inc.

GREAT-WEST LIFECO INC. $34 (Toronto symbol GWO; Conservative Growth and Income Portfolios, Finance sector; shares outstanding: 988.6 million; Market cap: $33.6 billion; Price-to-sales ratio: 0.7; Dividend yield: 4.6%; TSINetwork Rating: Above Average; www.greatwestlifeco.com) is Canada’s second-largest insurance company, after Manulife Financial. It also offers mutual funds and… Read More

GWO expands in Ireland

GREAT-WEST LIFECO $34.15 (Toronto symbol GWO; shares outstanding: 998.6 million; Market cap: $33.8 billion; TSINetwork Rating: Above Average; Dividend yield: 4.5%; www.greatwestlifeco.com) will now purchase an undisclosed stake in the Irish operations of Invesco Ltd. (New York symbol IVZ). That business manages the pension plans of 275… Read More

Top holdings add appeal

POWER CORP. $29.36 (Toronto symbol POW; Shares outstanding: 414.4 million; Market cap: $13.9 billion; TSINetwork Rating: Above Average; Dividend yield: 4.9%; www.powercorporation.com) is a holding company with a diversified list of businesses. It holds its financial assets through its 65.6%-owned Power Financial.
In the quarter ended December… Read More

Acquisitions expand risk for GWO

GREAT-WEST LIFECO INC. $34 (Toronto symbol GWO; Conservative Growth and Income Portfolios, Finance sector; shares outstanding: 988.7 million; Market cap: $33.6 billion; Price-to-sales ratio: 0.7; Dividend yield: 4.6%; TSINetwork Rating: Above Average; www.greatwestlifeco.com) is Canada’s second-largest insurance company, after Manulife Financial (Toronto symbol MFC). It… Read More

GWL buys U.S. real estate

GREAT-WEST LIFECO $33.86 (Toronto symbol GWO; shares outstanding: 998.7 million; Market cap: $33.8 billion; TSINetwork Rating: Above Average; Dividend yield: 4.6%; www. greatwestlifeco.com) is making its first move into the U.S. It will buy EverWest Real Estate Partnership LLC. EverWest’s $2 billion portfolio includes office,… Read More