Great-West Lifeco Preferred Shares Set for Ex-Dividend Date March 3, 2025

On March 3, 2025, Great-West Lifeco Inc’s Non-Cumulative First Preferred Shares, Series R (TSX: GWO-PRR.TO) will go ex-dividend. This quarter, the dividend is set at $0.30, payable on March 31, 2025. Based on the recent share price of $21.00, this dividend yields about 1.43%. Consequently, when GWO.PRR shares open for trading on March 3, 2025, investors should anticipate shares to trade roughly 1.43% lower, all else being equal. Annually, this yield translates to approximately 5.77%.

As of the last close, GWO.PRR was trading at a significant 16.76% discount to its liquidation preference amount. It’s important for investors to consider that these shares are non-cumulative. This means if a payment is missed, the company is not obligated to make up that missed amount before resuming dividends on common shares.

The chart below illustrates the one-year performance of GWO.PRR shares compared to GWO:

Additionally, the dividend history chart for GWO.PRR outlines previous dividends, leading up to the latest $0.30 payment on Great-West Lifeco Inc’s Non-Cumulative First Preferred Shares, Series R:

During Thursday’s trading, Great-West Lifeco Inc’s Non-Cumulative First Preferred Shares, Series R (TSX: GWO-PRR.TO) saw a modest increase of about 0.9% for the day. Similarly, the common shares (TSX: GWO.TO) also experienced an uptick of approximately 0.9%.

also see:

• High Yield Baby Bonds
• TEN Average Annual Return
• MDLZ Technical Analysis

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.