Great-West Lifeco
GWO-PM.TO (TSX)
Dividend yield
1.64%
Distribution
Quarterly
1-Year Return
-1.59%
5-Year Return
-4.58%
Great-West Lifeco is a TSX-listed financial services company that appeals to novice investors with its consistent dividend payouts. Currently, it offers a dividend yield of 1.64%, although its 1-year and 5-year returns are down by 1.59% and 4.58%, respectively. Despite its recent performance, it remains a solid choice for those seeking established Canadian income stocks.
Pros:
- Established financial services firm
- Diverse product offerings
Cons:
- Recent negative returns
- Market volatility risk
Great-West Lifeco (GWO-PM.TO) may be suitable for conservative investors or those looking for stable dividend income, particularly in the Canadian market. However, potential buyers should be cautious of its recent negative returns and assess their risk tolerance before investing.