Power Co. of Canada (POW) Insider Stéphane Lemay Sells 22,609 Shares of Stock

Power Co. of Canada (TSE:POW) insider Stéphane Lemay sold 22,609 shares of the firm’s stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of C$32.19, for a total value of C$727,783.71.

Stéphane Lemay also recently made the following trade(s):

  • On Wednesday, October 4th, Stéphane Lemay sold 25,975 shares of Power Co. of Canada stock. The shares were sold at an average price of C$31.90, for a total value of C$828,602.50.

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 8th were issued a dividend of $0.359 per share. This represents a $1.44 annualized dividend and a dividend yield of 4.44%. This is a boost from Power Co. of Canada’s previous quarterly dividend of $0.36. The ex-dividend date was Thursday, September 7th.

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A number of research analysts have recently weighed in on POW shares. Barclays PLC raised their target price on Power Co. of Canada from C$32.00 to C$33.00 in a report on Tuesday, August 1st. Royal Bank Of Canada restated a “sector perform” rating on shares of Power Co. of Canada in a report on Wednesday, June 28th.

About Power Co. of Canada

Power Corporation of Canada is a diversified management and holding company. The Company has interest in the financial services, renewable energy, communications and other business sectors. Its principal asset is the controlling interest in Power Financial Corporation (Power Financial). Its segments are Great-West Lifeco Inc (Lifeco), IGM Financial Inc (IGM) and Pargesa Holding SA (Pargesa).

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