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Trading activity for Great-West Lifeco Inc’s Non-Cumulative First Preferred Shares, Series Q (TSX: GWO-PRQ.TO) experienced a downward shift on Wednesday. The preferred shares, which yield 7% based on a $1.2875 annualized quarterly dividend, dipped to $18.31 and were trading at a significant 25.92% discount to their liquidation preference amount.
InvestingPro real-time metrics reveal that Great-West Lifeco Inc’s market cap stands at an impressive 25463.94M USD, with a P/E ratio of 16.23, indicating a potentially undervalued stock. The company also shows a strong gross profit of 9039.58M USD, highlighting its financial strength.
The company’s preferred shares saw a decline of about 1.1% on Wednesday. In contrast, the common shares of Great-West Lifeco Inc (TSX: GWO.TO) witnessed a marginal increase of approximately 0.3%.
InvestingPro Tips highlight that Great-West Lifeco Inc is a prominent player in the Insurance industry, with a high earnings quality, as its free cash flow exceeds net income. The company has also raised its dividend for 8 consecutive years and maintained dividend payments for 38 consecutive years, which could be an attractive factor for income-focused investors. These insights are just a few of the many available with InvestingPro, which offers a wealth of additional tips and insights. You can access these at InvestingPro Pricing.
InvestingPro data reveals that despite the recent dip, Great-West Lifeco Inc’s 1 Year Price Total Return stands at 25.89%, and the company boasts a healthy dividend yield of 5.55%. The company’s next earnings date is slated for 2023-11-08, which could potentially bring about significant changes in its stock performance.
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