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CA - Power Corporation of Canada: Maintaining Buy Rating After A Strong Q4 And 2023
CA Inc.
2024-03-22 11:30:52 ET
Summary
Power Corporation recently announced its quarterly and full-year 2023 results, including a 7.1% increase in the quarterly dividend.
The company has been a steady performer, delivering a total return to shareholders of 117.4% over the last decade.
Despite share buybacks and value-added transactions, shares still trade at a 26% discount to NAV, assigning almost no value to the company's private investments.
At 11.9x earnings, the company offers investors a safe 5.7% yield which is well covered by the company's 59% payout ratio.
Please note all $ figures in , not , unless otherwise stated.