Great-West Lifeco Dividend yield




   CAD/share 
 Price  33.44
 Dividend  1.75
 Earnings  3.41
 Cash-flow  10.45
 Book value  22.29
 Equity  21.86

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 paid a total dividend of 1,624 million CAD last year, for a market value of 31,032 millions (Market Cap 9,009 millions). Dividend per share of Great-West Lifeco is 1.75 CAD, and his stock market price 33.44 CAD.

According to the chart below, where dividend yield is displayed, Great-West Lifeco has a dividend yield of 5.24%, 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 dividend yield with other Life Insurance companies or firms from Canada.

Dividend yield of Great-West Lifeco

Great-West Lifeco Dividend Payout

About the ability of Great-West Lifeco to maintain his current dividend of CAD 1.75 per share, an amount that accounts for 5.24%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Great-West Lifeco payout on ernings is currently 51.32%, which is higher than the market average, and companies of Financials industry, which are 38.16% and 41.40% 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 10.45 per share, which is higher than the dividend per share paid by the company of CAD 1.75, 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 payout

Great-West Lifeco Dividend History

Year Yield  CAD  Paypout  Shares* 
Present5.24%1.7551.32%928
20205.77%1.7562.95%928
20194.97%1.6548.10%929
20185.52%1.5666.38%989
20174.18%1.4751.58%987
20163.91%1.3847.59%1,001
20153.59%1.3048.69%1,001

*In millions

Great-West Lifeco Stock performance

Finally, last moth Great-West Lifeco showed a return of 2.70% compared to a worldwide 4.25% average, and a 4.06% of Financials firms. Over the last year, the company obtained a 37.60% versus a worldwide performance of a 53.42%. More detailed information can be seen in the following graph for Canada and Life Insurance firms.

Great-West Lifeco stock and market return