Great-West Lifeco Inc. (TSE:GWO) Declares $0.61 Quarterly Dividend

Great-West Lifeco Inc. (TSE:GWO - Get Free Report) declared a quarterly dividend on Monday, June 2nd, TickerTech Dividends reports. Stockholders of record on Monday, June 30th will be given a dividend of 0.61 per share on Monday, June 30th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date of this dividend is Monday, June 2nd.

Great-West Lifeco Trading Down 0.2%

Shares of GWO stock traded down C$0.11 during trading hours on Monday, reaching C$51.98. The stock had a trading volume of 10,045,137 shares, compared to its average volume of 3,099,744. The stock's fifty day simple moving average is C$52.75 and its 200 day simple moving average is C$50.57. Great-West Lifeco has a 12 month low of C$38.44 and a 12 month high of C$57.61. The firm has a market capitalization of C$48.39 billion, a PE ratio of 11.89, a PEG ratio of 2.26 and a beta of 0.84.

Analyst Ratings Changes

Several research firms have recently weighed in on GWO. BMO Capital Markets raised their price objective on shares of Great-West Lifeco from C$54.00 to C$59.00 and gave the company a "market perform" rating in a research report on Thursday, April 3rd. Cibc World Mkts raised Great-West Lifeco from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 6th. Desjardins lifted their price target on shares of Great-West Lifeco from C$49.00 to C$53.00 and gave the stock a "hold" rating in a research note on Friday, February 7th. National Bankshares decreased their price objective on Great-West Lifeco from C$53.00 to C$52.00 and set a "sector perform" rating on the stock in a report on Thursday, May 8th. Finally, TD Securities boosted their target price on Great-West Lifeco from C$53.00 to C$62.00 and gave the company a "buy" rating in a research note on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of C$55.56.

Insider Activity at Great-West Lifeco

In other news, Senior Officer David Martin Harney sold 20,700 shares of Great-West Lifeco stock in a transaction that occurred on Monday, May 26th. The shares were sold at an average price of C$51.85, for a total transaction of C$1,073,263.95. Also, Senior Officer Dervla Mary Tomlin sold 36,700 shares of the business's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of C$51.05, for a total value of C$1,873,520.32. Insiders sold a total of 142,157 shares of company stock worth $7,464,387 over the last quarter. 70.70% of the stock is owned by corporate insiders.

About Great-West Lifeco

Great-West Lifeco is one of the three big Canadian life insurance firms. With just under half of the firm's profit and revenue in Canada, Great-West also operates in the U.S. and Europe. In Canada, Great-West provides both individual and group insurance. In the United States, Great-West operates Putnam Investments and defined-contribution recordkeeping firm Empower Retirement.