POW.TO - Power Corporation of Canada

Toronto - Toronto Delayed Price. Currency in CAD
24.06
+0.36 (+1.52%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close23.70
Open23.63
Bid24.05 x 0
Ask24.15 x 0
Day's Range23.47 - 24.17
52 Week Range17.47 - 35.15
Volume2,764,231
Avg. Volume2,391,436
Market Cap16.701B
Beta (5Y Monthly)1.02
PE Ratio (TTM)10.93
EPS (TTM)2.20
Earnings DateAug. 07, 2020
Forward Dividend & Yield1.79 (7.55%)
Ex-Dividend DateJun. 29, 2020
1y Target Est25.71
  • Thomson Reuters StreetEvents

    Edited Transcript of POW.TO earnings conference call or presentation 15-May-20 6:00pm GMT

    Q1 2020 Power Corporation of Canada Earnings Call

  • TSX Stocks: 3 High-Yield Heavyweights to Buy in July
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  • The Canadian Press

    Most actively traded companies on the TSX

    TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:Toronto Stock Exchange (15,188.98, down 257.16 points.)TC Energy Corp. (TSX:TRP). Energy. Down $1.41, or 2.41 per cent, to $57.15 on 26.9 million shares.Zenabis Global Inc. (TSX:ZENA). Health care. Down one cent, or 12.5 per cent, to seven cents on 17.6 million shares.Power Corporation of Canada (TSX:POW). Financials. Down 40 cents, or 1.64 per cent, to $24.03 on 13.9 million shares.Freegold Ventures Ltd. (TSX:FVL). Materials. Up 12 cents, or 10.71 per cent, to $1.24 on 12.3 million shares.Kinross Gold Corp. (TSX:K). Materials. Up 30 cents, or 3.29 per cent, to $9.43 on 10.6 million shares. Nutrien Ltd. (TSX:NTR). Materials. Down 84 cents, or 1.83 per cent, to $45.10 on 8.7 million shares.Companies in the news:Corus Entertainment Inc. (TSX:CJR.B). Down 58 cents or 16.6 per cent to $2.92. Television and radio broadcaster Corus Entertainment Inc. lost $752.3 million in its latest quarter as it took a one-time impairment charge related its to broadcast licences and goodwill. The media company, which includes Global Television, says the loss compared with a profit of $66.4 million in the same quarter a year earlier. Corus chief executive Doug Murphy said Friday the quarter saw increased viewership and engagement across all of the company's platforms. However, the increased viewership didn't translate into advertising dollars due to the COVID-19 pandemic, which forced non-essential businesses to close for much of the quarter.Air Canada (TSX:AC). Down 40 cents or 2.3 per cent to $16.70. The country's two largest airlines are ending their on-board seat distancing policies starting July 1, raising health concerns amid a pandemic that has devastated the travel industry. Air Canada has blocked the sale of adjacent seats in economy class, and WestJet has done the same throughout the entire plane, to help prevent the spread of COVID-19. The carriers said Friday they will revert to health recommendations from the United Nation's aviation agency and the International International Air Transport Association (IATA) trade group.Freshii Inc. (TSX:FRII). Down two cents or 1.6 per cent to $1.25. Freshii Inc. swung to a US$2.5-million loss in its first quarter as revenue fell 11 per cent from a year ago. The Toronto-based chain of eateries says it lost eight cents per share for the period ended March 29, when 37 per cent of its locations were closed because of the pandemic. Freshii, which reports in U.S. dollars, earned $103,000 or zero cents per share in the same quarter a year earlier. Excluding one-time items, Freshii lost $1.21 million, compared with a profit of $597,000 in the year-ago quarter. Revenue fell to $4.56 million from $5.14 million as same-store sales decreased 14.3 per cent, compared with 0.9 per cent growth a year ago. System-wide sales from its 467 locations in 16 countries came in at $37.2 million down from $43.2 million a year ago.This report by The Canadian Press was first published June 26, 2020The Canadian Press

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  • CNW Group

    Parjointco and Pargesa Announced Parjointco's Public Exchange Offer to Pargesa's Minority Shareholders Declared Successful

    Readers are referred to the section "Forward-Looking Statements" at the end of this release. MONTRÉAL, June 9, 2020 /CNW Telbec/ - Parjointco Switzerland SA ("Parjointco"), a company jointly controlled by Power Corporation of Canada ("Power Corporation" or "PCC") (POW.TO) and the Frère family, and Pargesa Holding SA ("Pargesa") today announced that the key pending condition of the previously announced public exchange offer has been fulfilled and the offer has accordingly been declared successful. Parjointco and Pargesa reported that the offer was accepted by shareholders holding 28,468,839 Pargesa shares, representing 75.55% of the Pargesa shares subject to the offer which, when combined with the Pargesa shares held by Parjointco and the persons acting in concert with it, represents 93.98% of Pargesa's voting rights, thus satisfying this key pending condition for the exchange.

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    Collect $1,000 in Monthly Passive Income With These 3 Dividend Studs

    Passive income lovers, rejoice! Great dividend payers like Crombie REIT (TSX:CRR.UN), Power Corporation (TSX:POW) and Rogers Sugar (TSX:RSI) are now on sale. The post Collect $1,000 in Monthly Passive Income With These 3 Dividend Studs appeared first on The Motley Fool Canada.

  • CNW Group

    Power Corporation Announces Election of Directors

    Power Corporation Announces Election of Directors

  • CNW Group

    Power Corporation Reports First Quarter 2020 Financial Results

    Power Corporation Reports First Quarter 2020 Financial Results

  • Is Power Corporation of Canada (TSE:POW) The Right Choice For A Smart Dividend Investor?
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    Is Power Corporation of Canada (TSE:POW) The Right Choice For A Smart Dividend Investor?

    Dividend paying stocks like Power Corporation of Canada (TSE:POW) tend to be popular with investors, and for good...

  • CNW Group

    Power Corporation to Announce First Quarter 2020 Financial Results on May 15, 2020

    Power Corporation to Announce First Quarter 2020 Financial Results on May 15, 2020

  • 1 Dividend Heavy Finance Stock That’s a Great Buy Right Now
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    Why investing in undervalued dividend stocks like the Power Corporation of Canada seems a safe bet right now. The post 1 Dividend Heavy Finance Stock That's a Great Buy Right Now appeared first on The Motley Fool Canada.

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  • Insider Trading: Which CEOs Are Bullish?
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    Tracking insider trading activity is one of the ways investors can stay ahead of the curve. It is a means of understanding management sentiment. Considerable insider buying is a sign of bullish sentiment. On the flip side, heavy insider selling is a sign that management has turned bearish.  It is important to note however, that […]The post Insider Trading: Which CEOs Are Bullish? appeared first on The Motley Fool Canada.

  • We Wouldn't Be Too Quick To Buy Power Corporation of Canada (TSE:POW) Before It Goes Ex-Dividend
    Simply Wall St.

    We Wouldn't Be Too Quick To Buy Power Corporation of Canada (TSE:POW) Before It Goes Ex-Dividend

    Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Power...

  • CNW Group

    Power Corporation Reports Fourth Quarter and 2019 Financial Results and Dividend Increase

    Readers are referred to the sections "Non-IFRS Financial Measures and Presentation" and "Forward-Looking Statements" at the end of this release. MONTRÉAL, March 18, 2020 /CNW Telbec/ ...

  • Did You Manage To Avoid Power Corporation of Canada's (TSE:POW) 29% Share Price Drop?
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    Did You Manage To Avoid Power Corporation of Canada's (TSE:POW) 29% Share Price Drop?

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  • CNW Group

    Parjointco and Pargesa Announce Simplification of Current Holding Structure of Groupe Bruxelles Lambert

    Readers are referred to the section "Forward-Looking Statements" at the end of this release. MONTRÉAL, March 11, 2020 /CNW Telbec/ - Parjointco N.V. ("Parjointco"), a company jointly controlled by Power Corporation of Canada ("Power Corporation" or "PCC") (POW.TO) and the Frère family, and Pargesa Holding SA ("Pargesa") today announced an agreement for a proposed transaction that would simplify the group structure pursuant to which Pargesa shareholders will receive shares of Groupe Bruxelles Lambert ("GBL").

  • CNW Group

    Power Corporation - Normal Course Issuer Bid

    Readers are referred to the section "Forward-Looking Statements" at the end of this release. Under the NCIB, the Corporation may purchase for cancellation, on the open market, at its discretion during the period commencing on February 20, 2020 and ending on the earlier of February 19, 2021 and the completion of purchases under the NCIB, up to 30,000,000 subordinate voting shares of the Corporation (the "Subordinate Voting Shares"), representing approximately 5.2% of the "public float" of the Subordinate Voting Shares (within the meaning of the rules of the TSX), subject to the normal terms and limitations of such bids.

  • CNW Group

    Power Corporation and Power Financial Announce Completion of Reorganization and the Determination of the Final Offer Price for the Pre-Emptive Right

    MONTRÉAL, Feb. 13, 2020 /CNW Telbec/ - Power Corporation of Canada ("Power Corporation" or "PCC") (POW.TO) and Power Financial Corporation ("Power Financial" or "PFC") (PWF.TO) today announced the successful completion of the previously announced reorganization transaction (the "Reorganization") pursuant to which, among other things, PCC acquired all of the issued and outstanding common shares of PFC ("PFC Common Shares") held by holders of PFC Common Shares other than PCC and its wholly owned subsidiaries (the "PFC Minority Shareholders").

  • CNW Group

    S&P Dow Jones Indices Announces Changes to the S&P/TSX Composite Index

    Each share of Power Financial Corp. will be exchanged for 1.05 shares of Power Corporation of Canada and CAD$0.01 . Power Financial Corp. will be removed from the S&P/TSX Composite Index prior to the open of trading on Wednesday, February 19, 2020 . S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®.