Great-West Lifeco Dividends and Buybacks
Dividend criteria checks 5/6
Great-West Lifeco is a dividend paying company with a current yield of 3.02% that is well covered by earnings. Next payment date is on 30th June, 2026 with an ex-dividend date of 2nd June, 2026.
Key information
3.0%
Dividend yield
2.6%
Buyback Yield
| Total Shareholder Yield | 5.6% |
| Future Dividend Yield | 3.5% |
| Dividend Growth | 6.0% |
| Next dividend pay date | 30 Jun 26 |
| Ex dividend date | 02 Jun 26 |
| Dividend per share | n/a |
| Payout ratio | 53% |
Recent dividend and buyback updates
Recent updates
Narrative Update • Jun 02
GWO: AI Deployment And Capital Returns Will Shape Future Repricing Balance
Great-West Lifeco's analyst price target has increased to CA$76.08 from CA$72.92, with analysts citing updated assumptions on fair value and price-to-earnings ratios, along with a series of recent target increases across major Canadian banks and brokers. Analyst Commentary Recent Street research shows a cluster of higher price targets for Great-West Lifeco, with adjustments ranging from C$3 to C$13 across multiple firms.Narrative Update • May 08
GWO: Capital Returns And Mixed Ratings Will Shape Future Repricing
Analysts have lifted the blended price target on Great-West Lifeco by about CA$4. This reflects a slightly higher fair value estimate and updated P/E assumptions following a series of recent target increases from several firms.Narrative Update • Apr 23
GWO: Capital Returns And Mixed Ratings Will Shape Medium Term Re Rating
Analysts have nudged the blended CA$ fair value estimate for Great-West Lifeco to about CA$68.92 from CA$68.33, reflecting a mix of revised price targets across firms, including recent moves to CA$64 at RBC Capital, CA$66 at BMO Capital, and CA$71 at Scotiabank, while keeping core assumptions such as discount rate, revenue growth, profit margin, and future P/E broadly unchanged. Analyst Commentary Recent research updates cluster Great-West Lifeco's fair value views within a fairly tight CA$64 to CA$71 range, with rating stances spreading from Market Perform and Sector Perform to Outperform.Narrative Update • Apr 08
GWO: Capital Returns And Sector Pressures Will Guide Medium Term Re Rating
Analysts have made only modest adjustments to their CA$60 to CA$73 price targets on Great-West Lifeco, with the latest changes reflecting updated views on capital strength, cash generation, and sector level headwinds such as spread compression and technology spending. Analyst Commentary Recent research updates show a clustered range of price targets between CA$60 and CA$73, with most sitting in the mid to high CA$60s.Narrative Update • Mar 25
GWO: Capital Returns And Sector Headwinds Will Shape Medium Term Re Rating
Analysts have adjusted their price targets for Great-West Lifeco in a fairly tight range, with recent moves spanning from CA$64 to CA$73. These changes reflect updated views on capital strength, cash flow, consolidation trends, and sector headwinds such as spread compression and technology spend.Narrative Update • Mar 10
GWO: Capital Returns And Cautious Sector Outlook Will Shape Medium Term Re Rating
Great West Lifeco's analyst fair value estimate has inched up by about CA$0.33 to CA$68.33, reflecting a mix of higher and lower price targets across the Street as analysts balance updated views on growth, margins, and sector conditions. Analyst Commentary Street research on Great West Lifeco is clustered around small upward and downward price target moves, with most firms keeping neutral to moderately positive ratings.Narrative Update • Feb 24
GWO: Capital Returns And Earnings Quality Will Support Medium Term Re Rating
The analyst price target for Great-West Lifeco has been revised modestly higher to CA$68.00, reflecting updated views that incorporate Street research highlighting changes to revenue growth, profit margin assumptions, and sector outlooks from firms that recently adjusted their CA$60 to CA$73 target range. Analyst Commentary Recent research updates on Great-West Lifeco cluster in a CA$60 to CA$73 target range, which gives you a sense of how the Street is framing potential outcomes around execution, growth initiatives, and sector risks.Narrative Update • Feb 10
GWO: Capital Strength And Buybacks Will Support Higher Medium Term Earnings Multiple
Analysts have inched their fair value estimate for Great-West Lifeco higher to about C$67 from roughly C$66. This reflects recent price target increases at several firms and updated assumptions around discount rates, margins, and future P/E multiples.Narrative Update • Jan 26
GWO: Capital Strength And Buybacks Will Support Balanced Medium Term Earnings Outlook
Narrative Update: Great-West Lifeco Our updated analyst price target for Great-West Lifeco moves higher to C$66.17 from C$64.50, reflecting analysts' higher Street targets and their focus on capital strength, cash flow and consolidation potential, alongside modest adjustments to our fair value inputs such as profit margin and future P/E assumptions. Analyst Commentary Recent Street research has trended toward higher price targets for Great-West Lifeco, with several firms revising their views and focusing on capital strength, cash flow generation and the potential role the company could play in sector consolidation.Narrative Update • Jan 12
GWO: Retirement And Wealth Focus Will Support Balanced Medium Term Earnings Outlook
Narrative Update The analyst price target for Great-West Lifeco has moved higher, with recent Street research lifting targets into the C$59 to C$73 range, as analysts cite capital strength, cash flow, consolidation trends and growth in retirement and wealth assets as key supports for their updated views. Analyst Commentary Recent research on Great-West Lifeco clusters around higher price targets, with analysts weighing the company’s capital position, retirement and wealth exposure, and consolidation activity against sector wide pressure points.Analysis Article • Dec 31
Subdued Growth No Barrier To Great-West Lifeco Inc.'s (TSE:GWO) Price
There wouldn't be many who think Great-West Lifeco Inc.'s ( TSE:GWO ) price-to-earnings (or "P/E") ratio of 15.3x is...Narrative Update • Dec 26
GWO: Retirement And Wealth Expansion Will Drive Moderately Higher Medium-Term Earnings Outlook
Analysts have modestly increased their price targets on Great-West Lifeco, reflecting expectations for improving profitability, incremental earnings upside from retirement and wealth assets under management growth, and potential valuation re rating as the company deepens its 401k and retiree wealth platform strategy. Analyst Commentary Bullish analysts see the recent wave of target price increases as confirmation that the market is beginning to recognize Great-West Lifeco's improving earnings trajectory and growing strategic footprint in retirement and wealth.Narrative Update • Dec 11
GWO: Retirement And Wealth Expansion Will Support Durable Medium-Term Earnings Outlook
Analysts have raised their consolidated price target on Great-West Lifeco to a mid C$60s range, reflecting modest upside from prior levels. They highlight stronger long term earnings potential from retirement and wealth assets under management growth and expected benefits from 401k platform acquisitions.Narrative Update • Nov 27
GWO: Retirement And Wealth Expansion Will Sustain Balanced Medium-Term Outlook
Great-West Lifeco's analyst price targets have been revised upward, with recent updates now ranging from C$59 to C$71. Analysts cite stronger growth prospects and continued expansion in retirement and wealth management segments.Narrative Update • Nov 13
GWO: Retirement And Wealth Asset Flows Will Drive Steady Earnings Outlook
Analysts have raised their price targets for Great-West Lifeco, with updated valuations moving higher by several Canadian dollars per share. Recent research highlights the company’s growing earnings forecasts and improved outlook, supported by expanding revenue and profit margins.Narrative Update • Oct 30
Asset Growth And Platform Expansion Will Drive Measured Wealth Management Upside
Analysts have increased their price target for Great-West Lifeco from C$56.50 to C$58.82. They cite expectations for continued asset growth and platform expansion, which are anticipated to drive earnings upside and profitability improvements.Narrative Update • Oct 15
Digital Transformation And Aging Trends Will Expand Global Wealth Management
Narrative Update: Great-West Lifeco Price Target Increased Analysts have raised their price target for Great-West Lifeco from C$59 to C$61, reflecting updated fair value estimates and continued optimism about the company’s outlook. Analyst Commentary Bullish Takeaways Bullish analysts have increased their price target, attributing this to improving fundamentals and updated fair value estimates.Narrative Update • Sep 18
Digital Transformation And Aging Trends Will Expand Global Wealth Management
With both the Future P/E and Net Profit Margin for Great-West Lifeco remaining effectively unchanged, the consensus analyst price target was only marginally raised from CA$55.00 to CA$55.73. What's in the News Increased equity buyback authorization by 20,000,000 shares, totaling 40,000,000 shares.Analysis Article • Jul 25
With EPS Growth And More, Great-West Lifeco (TSE:GWO) Makes An Interesting Case
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Analysis Article • Jun 19
Investors Don't See Light At End Of Great-West Lifeco Inc.'s (TSE:GWO) Tunnel
Great-West Lifeco Inc.'s ( TSE:GWO ) price-to-earnings (or "P/E") ratio of 12.1x might make it look like a buy right...
New Narrative • Nov 10
Calculated Acquisitions And Digital Growth Propel US Expansion And Revenue Potential
Strategic acquisitions and partnerships drive revenue growth and operational efficiencies in U.S. and Canadian segments, bolstering base earnings.Stability and Growth of Payments
Fetching dividends data
Stable Dividend: GWO's dividends per share have been stable in the past 10 years.
Growing Dividend: GWO's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Great-West Lifeco Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (GWO) | 3.0% |
| Market Bottom 25% (CA) | 1.7% |
| Market Top 25% (CA) | 5.4% |
| Industry Average (Insurance) | 2.7% |
| Analyst forecast (GWO) (up to 3 years) | 3.5% |
Notable Dividend: GWO's dividend (3.02%) is higher than the bottom 25% of dividend payers in the Canadian market (1.67%).
High Dividend: GWO's dividend (3.02%) is low compared to the top 25% of dividend payers in the Canadian market (5.42%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (53.4%), GWO's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (48.3%), GWO's dividend payments are well covered by cash flows.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/17 05:36 |
| End of Day Share Price | 2026/06/17 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Great-West Lifeco Inc. is covered by 18 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Taylor Scott | Barclays |
| John Aiken | Barclays |
| Tom MacKinnon | BMO Capital Markets Equity Research |