{"id":68784,"date":"2023-10-04T18:02:28","date_gmt":"2023-10-04T22:02:28","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/great-west-lifecos-preferred-shares-dip-while-common-shares-see-marginal-increase\/"},"modified":"2023-10-04T18:02:32","modified_gmt":"2023-10-04T22:02:32","slug":"great-west-lifecos-preferred-shares-dip-while-common-shares-see-marginal-increase","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=68784","title":{"rendered":"Great-West Lifeco&#8217;s preferred shares dip while common shares see marginal increase"},"content":{"rendered":"<div>\n<div id=\"imgCarousel\" class=\"imgCarousel\">\n<p><span class=\"text\">\u00a9 Reuters. <\/span><br \/>\n<i class=\"imgGrad\"><\/i>\n<\/div>\n<p>Trading activity for Great-West Lifeco Inc&#8217;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.<\/p>\n<p>InvestingPro real-time metrics reveal that Great-West Lifeco Inc&#8217;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.<\/p>\n<p>The company&#8217;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%.<\/p>\n<p>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.<\/p>\n<p>InvestingPro data reveals that despite the recent dip, Great-West Lifeco Inc&#8217;s 1 Year Price Total Return stands at 25.89%, and the company boasts a healthy dividend yield of 5.55%. The company&#8217;s next earnings date is slated for 2023-11-08, which could potentially bring about significant changes in its stock performance.<\/p>\n<p><em>This article was generated with the support of AI and reviewed by an editor. For more information see our T&amp;C.<\/em><\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.investing.com\/news\/stock-market-news\/greatwest-lifecos-preferred-shares-dip-while-common-shares-see-marginal-increase-93CH-3190567\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a9 Reuters. Trading activity for Great-West Lifeco Inc&#8217;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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1465,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-68784","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Great-West Lifeco&#039;s preferred shares dip while common shares see marginal increase | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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