Power Co. of Canada (TSE:POW) Stock Price Passes Above 200 Day Moving Average of $28.87

Power Co. of Canada (TSE:POW) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $28.87 and traded as high as $27.49. Power Co. of Canada shares last traded at $27.30, with a volume of 161,460 shares traded.

Several analysts have issued reports on the stock. CIBC decreased their price target on shares of Power Co. of Canada from C$34.00 to C$31.00 in a research report on Wednesday, August 7th. TD Securities decreased their price target on shares of Power Co. of Canada from C$33.00 to C$32.00 in a research report on Thursday, May 16th.

The company has a debt-to-equity ratio of 46.07, a quick ratio of 19.60 and a current ratio of 20.95. The company has a market capitalization of $10.23 billion and a price-to-earnings ratio of 12.07. The firm’s 50-day simple moving average is C$27.82 and its 200-day simple moving average is C$28.87.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 9th will be issued a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 5.94%. This is an increase from Power Co. of Canada’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, September 6th. Power Co. of Canada’s dividend payout ratio (DPR) is presently 68.72%.

Power Co. of Canada Company Profile (TSE:POW)

Power Corporation of Canada operates as a diversified international management and holding company with interests primarily in the financial services, sustainable and renewable energy, asset management, communications, and other business sectors in North America, Europe, and Asia. The company operates through Lifeco, IGM Financial, and Pargesa segments.

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