Great-West Lifeco Dividend yield

Great-West Lifeco is part of Life Insurance business, which is part of Financials industry. Great-West Lifeco is a company from Canada, and his stocks are publicly traded.

Great-West Lifeco stock dividend

Great-West Lifeco paid a total dividend of 1,939 million CAD last year, for a market value of 36,190 millions (Market Cap 10,525 millions). Great-West Lifeco dividend per share is 2.08 CAD, and his stock market price 38.83 CAD.

According to the chart below, where dividend yield is displayed, Great-West Lifeco has a dividend yield of 5.36%, which is higher than the amount offered by both the market average and companies from Canada. It is also bigger than average of Financials industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.

In addition, you should compare Great-West Lifeco stocks dividend with other Life Insurance companies or other of the high Canada dividend stocks list.

Great-West Lifeco Dividend Payout

About the ability of Great-West Lifeco to maintain his current dividend of CAD 2.08 per share, an amount that accounts for 5.36%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Great-West Lifeco payout on ernings is currently 54.17%, which is higher than the market average, and companies of Financials industry, which are 39.34% and 46.18% respectively. Both figures show that Great-West Lifeco can have problems to keep with his present dividend yield.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Great-West Lifeco is CAD 7.61 per share, which is higher than the dividend per share paid by the company of CAD 2.08, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Great-West Lifeco, compared againt world market average, Canada companies, Financials industry and Life Insurance sector companies.

Great-West Lifeco Dividend History

Below you will find a table with the historical evolution of Great-West Lifeco's dividend stock, both in percentage and in CAD, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).

Year	Yield	CAD	Paypout	Shares*
Present	5.36%	2.08	54.17%	932
2022	6.26%	1.96	52.55%	932
2021	5.16%	1.96	57.31%	928
2020	5.77%	1.75	62.95%	928
2019	4.97%	1.65	48.10%	929
2018	5.52%	1.56	66.38%	989
2017	4.18%	1.47	51.58%	987
2016	3.91%	1.38	47.59%	1,001
2015	3.59%	1.30	48.69%	1,001

*In millions

Then you can see the evolution of Great-West Lifeco dividend stock, and compare it with the average of Canada stocks and that of the Life Insurance stocks.

Great-West Lifeco Stock performance

Finally, last moth Great-West Lifeco showed a return of -2.40% compared to a worldwide -2.49% average, and a -3.03% of Financials firms. Over the last year, the company obtained a 25.90% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for Canada and Life Insurance firms.