Previous Close | 39.77 |
Open | 39.89 |
Bid | 39.85 x 0 |
Ask | 39.86 x 0 |
Day's Range | 39.81 - 40.15 |
52 Week Range | 32.33 - 40.59 |
Volume | |
Avg. Volume | 3,426,025 |
Market Cap | 25.747B |
Beta (5Y Monthly) | 1.10 |
PE Ratio (TTM) | 9.73 |
EPS (TTM) | 4.10 |
Earnings Date | Aug 08, 2024 |
Forward Dividend & Yield | 2.25 (5.66%) |
Ex-Dividend Date | Jun 28, 2024 |
1y Target Est | 44.06 |
The Canadian market has shown robust performance recently, with a 2.5% increase over the past week and an impressive 12% climb over the last year. With earnings expected to grow by 15% annually, investors might consider dividend stocks that potentially offer both stability and growth in this optimistic economic environment.
Power Corporation of Canada (TSX: POW) (TSX: POW.PR.E) (Power Corporation) will release its second quarter 2024 financial results on Thursday, August 8, 2024, after markets close.
Amidst a backdrop of cautious interest rate cuts by the Bank of Canada and a pause from the Federal Reserve, Canadian consumers are exhibiting signs of fatigue even as they continue to drive economic growth. With inflation showing signs of moderation and stock markets reaching new heights, this environment underscores the potential stability that high-yielding dividend stocks can offer, particularly in times when diversification remains a key strategy for managing risk.