Great-West Lifeco Inc T.GWO

RE:RE:TIME TO CUT THE DIVIDEND.?

[autofocus111]

Looks like there's no dividend increase this year. Bummer.

>>>QUARTERLY DIVIDENDS The Board of Directors approved a quarterly dividend of $0 .438 per share on the common shares of Lifeco payable March 31, 2021 to shareholders of record at the close of business March 3, 2021 .

[pjn0987654321]

OSFI has temporarily mandated that banks and insurance companies not do dividend raises during COVID.  Once everyone is vaccinated, OSFI should allow raises again.  

[autofocus111]

Interesting, thanks pjn. I recall hearing something about that, but for some reason I thought it was only applicable to banks. At least they did not mandate a 'no dividend permitted' policy like their counterparts in the EU did after the virus hit.