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Power Corporation Adjusted Profit Advances, Hikes Dividend by 9%
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Power Corporation Adjusted Profit Advances, Hikes Dividend by 9%
Mar 19, 2025 2:33 PM

05:16 PM EDT, 03/19/2025 (MT Newswires) -- Power Corp of Canada ( PWCDF ) Wednesday after trade said its adjusted earnings from continuing operations rose 20%, with increased contributions from Great West Lifeco ( GWLIF ) and IGM Financial ( IGIFF ) , as it hiked its dividend by 8.9%.

Adjusted profit, excluding most one-time items jumped to $829 million or $1.28 per share, from $688 million or $1.06, in the previous corresponding quarter.

Power Corp said Great West's contribution rose 14.8%, while IGM's contribution increased 22.8%.

The company will pay the higher dividend of $0.61 per share on May 1.

Power closed up $0.19 to $49.27 on the Toronto Stock Exchange.

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