Friday, May 14, 2010

Power Financial's (TSE:PWF) Second Quarter Earnings

Power Financial announced second quarter earnings of $0.51, which were helped by a 36% increase in earnings contributed from Great West Lifeco in comparison to the same period last year. RBC announced a $36 price target for the shares, which assumes a discount to net discount value of 8% (currently discount of 10%).

The dividend remained unchanged at $0.35, however my DRIP will continue to grow my position. A summary of PWF's dividend contributions to my portfolio are shown below.

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