Power Corporation of Canada (POW.TO)
| Previous Close | 40.31 |
| Open | 40.48 |
| Bid | 39.79 x 0 |
| Ask | 39.82 x 0 |
| Day's Range | 39.57 - 40.58 |
| 52 Week Range | 32.33 - 40.59 |
| Volume | |
| Avg. Volume | 3,087,073 |
| Market Cap | 25.941B |
| Beta (5Y Monthly) | 1.10 |
| PE Ratio (TTM) | 9.83 |
| EPS (TTM) | 4.05 |
| Earnings Date | Aug 08, 2024 - Aug 12, 2024 |
| Forward Dividend & Yield | 2.25 (5.58%) |
| Ex-Dividend Date | Jun 28, 2024 |
| 1y Target Est | 44.00 |
Simply Wall St.Three TSX Dividend Stocks Offering Yields From 3.9% To 5.5%
As the global economy navigates through a phase where artificial intelligence and technology sectors show signs of volatility yet promise for long-term growth, investors might consider the stability offered by dividend stocks. In the context of a broadening market leadership and ongoing bull market trends, dividend-paying stocks represent an appealing option for those looking to diversify their portfolios and tap into steady income streams amidst fluctuating market conditions.
Simply Wall St.Exploring Power Corporation Of Canada And Two Other TSX Dividend Stocks
The Canadian market has shown resilience, remaining stable in the past week and achieving a 12% increase over the last year, with earnings expected to grow by 14% annually. In this environment, dividend stocks like Power Corporation of Canada can be particularly appealing for investors seeking steady income and potential growth.
- Reuters
Canada's Power Corp shuts down China unit, lays off staff, sources say
Power Corporation of Canada (Power Corp) has shut its China investment unit and dismissed all staff, said two people briefed on the matter, becoming the latest Western financial firm to pull back amid the country's economic challenges. Power Sustainable, which is the asset management arm of Power Corp and manages $4.5 billion of assets globally, started laying off all of its 17 local staff in recent weeks as it moved towards shutting down the Shanghai-based unit, said the people. Economic slowdown has seen many of the Western financial firms that scrambled to expand China operations a few years ago take a hit on their earnings and rein in their ambitions for what was a key piece of their global growth strategy.
