Great-West Lifeco Dividends and Buybacks
Dividend criteria checks 5/6
Great-West Lifeco is a dividend paying company with a current yield of 4.46% that is well covered by earnings. Next payment date is on 31st December, 2024 with an ex-dividend date of 3rd December, 2024.
Key information
4.5%
Dividend yield
0.2%
Buyback Yield
| Total Shareholder Yield | 4.6% |
| Future Dividend Yield | 5.0% |
| Dividend Growth | 3.4% |
| Next dividend pay date | 31 Dec 24 |
| Ex dividend date | 03 Dec 24 |
| Dividend per share | CA$2.220 |
| Payout ratio | 56% |
Recent dividend and buyback updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: GWO.PRI's dividends per share have been stable in the past 10 years.
Growing Dividend: GWO.PRI'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.PRI) | 4.5% |
| Market Bottom 25% (CA) | 1.8% |
| Market Top 25% (CA) | 6.2% |
| Industry Average (Insurance) | 3.1% |
| Analyst forecast (GWO.PRI) (up to 3 years) | 5.0% |
Notable Dividend: GWO.PRI's dividend (4.46%) is higher than the bottom 25% of dividend payers in the Canadian market (1.75%).
High Dividend: GWO.PRI's dividend (4.46%) is low compared to the top 25% of dividend payers in the Canadian market (6.15%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (56%), GWO.PRI's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (42.7%), GWO.PRI's dividend payments are well covered by cash flows.