RE:OSFI lifts restrictions And today GWO announced a dividend increase. But it's strange how they presented it. Are they switching to a variable+base payout?
>>>Great-West Lifeco announces an increase of 12% in quarterly common shareholders' dividend payable in December 2021 WINNIPEG, MB, Nov. 15, 2021 /CNW/ - The Board of Directors of Great-West Lifeco Inc. (Great-West Lifeco or the Company) (TSX: GWO) announced today that it has declared an additional dividend of $0.052 per outstanding common share, payable on December 31, 2021 to all common shareholders of record at the close of business on December 3, 2021. Combined with its quarterly dividend to common shareholders of $0.438 per share announced on November 3, 2021, this additional dividend results in a total quarterly dividend to common shareholders of $0.49 per share, an increase of 12%....In addition, the Company is, for the first time, communicating a target dividend payout ratio range of 45% to 55% of base earnings that will be considered in dividend decisions moving forward.
https://stockhouse.com/news/press-releases/2021/11/15/great-west-lifeco-announces-an-increase-of-12-in-quarterly-common-shareholders