On 9/1/26, Great-West Lifeco Inc’s Non-Cumulative First Preferred Shares, Series M (TSX: GWO-PRM.TO) will trade ex-dividend, for its quarterly dividend of $0.3625, payable on 9/29/26. As a percentage of GWO.PRM’s recent share price of $25.82, this dividend works out to approximately 1.40%, so look for shares of GWO.PRM to trade 1.40% lower — all else being equal — when GWO.PRM shares open for trading on 9/1/26. On an annualized basis, the current yield is approximately 5.62%.
As of last close, GWO.PRM was trading at a 3.28% premium to its liquidation preference amount. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.
The chart below shows the one year performance of GWO.PRM shares, versus GWO:
Below is a dividend history chart for GWO.PRM, showing historical dividends prior to the most recent $0.3625 on Great-West Lifeco Inc’s Non-Cumulative First Preferred Shares, Series M:
In Monday trading, Great-West Lifeco Inc’s Non-Cumulative First Preferred Shares, Series M (TSX: GWO-PRM.TO) is currently trading flat on the day, while the common shares (TSX: GWO.TO) are off about 1.1%.
