Power Corporation of Canada Stock (TSX:POW): Dividend Hike, Earnings Beat and 200-Day Breakout

Montreal – December 3, 2025

Power Corporation of Canada stock (TSX:POW, OTC: PWCDF) has quietly turned into one of the Toronto market’s standout compounders in 2025. After a strong third quarter earnings beat, a dividend hike, a new preferred share issue and multiple analyst target upgrades, the shares have now broken above their 200-day moving average and are trading close to record highs. ^[1]

This article pulls together the latest news, forecasts and analysis on Power Corporation of Canada as of December 3, 2025, to help readers understand what’s really driving the stock—and what could come next.

Power Corporation of Canada Stock Today: Price, Performance and Valuation

As of the close on December 2, 2025, Power Corporation of Canada finished at C$70.43 on the Toronto Stock Exchange. That’s after touching an intraday high of C$71.20 and a low of C$69.89 during the session. ^[2]

Key trading and valuation metrics:

Last close: C$70.43
52-week range: C$41.88 – C$72.49 ^[3]
Market capitalization: ~C$45 billion ^[4]
Trailing P/E ratio: ~14.8x ^[5]
Price-to-book: ~0.95x ^[6]
Dividend yield (forward): around 3.4–3.5%, based on an annualised dividend of ~C$2.45 per share. ^[7]

On December 3, 2025, MarketBeat reported that Power Corporation’s share price had crossed above its 200-day moving average of C$58.46, trading as high as C$71.20 with heavy volume—another technical confirmation of the stock’s strong uptrend this year. ^[8]

Short-term technical analysis site StockInvest notes that the stock has risen in six of the last ten sessions and is up roughly 3% over the past two weeks, though the latest down day on higher volume prompts a shift from “buy” to a more cautious “hold/accumulate” stance. ^[9]

Q3 2025 Earnings: Profit More Than Doubles, Adjusted EPS Beats Estimates

The turning point for sentiment in 2025 was Power Corporation’s third-quarter 2025 earnings release on November 12, 2025.

According to Nasdaq and RTTNews summaries of the results: ^[10]

GAAP net earnings rose to C$703 million, or C$1.10 per share, up from C$371 million or C$0.58 per share a year earlier.
Adjusted earnings were C$863 million, or C$1.35 per share, slightly above the consensus estimate of C$1.34.
Revenue came in at about C$4.03 billion versus a forecast of around C$4.21 billion, indicating that the beat was driven more by margins and portfolio performance than by top-line growth. ^[11]

A presentation cited by Investing.com highlighted a roughly 25% surge in adjusted earnings, driven by: ^[12]

Strong contributions from Great-West Lifeco (insurance and retirement) and IGM Financial (wealth and asset management)
Solid performance from alternative investment platforms
Continued focus on costs and capital allocation

The market clearly liked what it saw. On the day following the presentation, Power Corporation shares closed at C$69.88, up around 1.7–3% on the news depending on the reference point, as investors responded to the earnings beat and guidance tone. ^[13]

Dividend Hike and Share Buybacks: A Growing Income Story

Power Corporation has steadily repositioned itself as a total return story—mixing dividend growth, buybacks and underlying net asset value (NAV) growth.

Quarterly dividend up to C$0.6125

In March 2025, the company announced a 9% increase in its quarterly dividend to C$0.6125 per share, up from C$0.56. ^[14]

Dividend-focused sources confirm that: ^[15]

The most recent dividend declared is C$0.6125 per share,
The ex-dividend date for the upcoming payment is December 31, 2025,
The payment date is January 30, 2026,
The current dividend yield is around 3.4–3.5%, with a payout ratio near 49%, leaving room for reinvestment and potential future increases.

Sites tracking dividend history note that Power Corporation has now delivered annual dividend increases for close to a decade, with average dividend growth in the mid-single to high-single digits over the last 10 years. ^[16]

5.1 million shares bought back

An analysis feed summarized by iOCharts indicates that Power Corporation completed a buyback of 5.1 million shares in conjunction with its Q3 2025 update, complementing the dividend hike and helping lift earnings per share. ^[17]

Taken together, the higher dividend and ongoing buybacks are a key reason many investors now see Power Corporation as a long-term income-and-growth compounder rather than a sleepy holding company.

New Preferred Share Issue: Raising Low-Cost Capital at 5.65%

On November 20, 2025, Power Corporation announced the closing of an offering of 8,000,000 5.65% Non-Cumulative First Preferred Shares, Series I, at C$25.00 per share, raising C$200 million in gross proceeds. ^[18]

Key details of the preferred issue:

Security: Non-Cumulative First Preferred Shares, Series I (POW.PR.I)
Dividend rate: 5.65%
Gross proceeds: C$200 million
Use of proceeds: General corporate purposes

Preferred-share specialists note that the new series trades as POW.PR.I on the TSX and is being treated as a perpetual-discount preferred with a yield to worst around the high-5% range at recent prices. ^[19]

For common shareholders, this move is important because it diversifies Power’s capital base, locks in longer-term funding at a fixed rate, and may support future acquisitions, buybacks or investments without overly diluting common equity.

What Analysts Are Saying: Price Targets Cluster Around the High C$60s

Sell-side coverage of Power Corporation has turned more constructive in 2025 as the stock rerates, but the consensus now sees limited near-term upside from current levels.

Street targets and rating snapshot

According to MarketBeat, based on nine analysts, the average 12‑month price target for Power Corporation is C$69.50, with a range from C$64 to C$76. At the recent price of about C$70.43, that implies a slight downside of roughly 1% to the consensus target. ^[20]

Recent rating and target changes include: ^[21]

Desjardins: Target raised from C$60 to C$65, rating Buy (October 23, 2025).
Scotiabank: Target raised to C$76, among the most bullish on the Street (November 13, 2025).
RBC Capital Markets: Target increased from C$60 to C$68 (November 19, 2025).
CIBC: Price objective set at C$75 with a Neutral rating (November 19, 2025).
BMO Capital Markets: Target raised from C$60 to C$71 (November 12, 2025).
TD Securities: Downgraded from Strong Buy to Hold (November 14, 2025).

Across platforms such as TradingView, Simply Wall St, and Barchart, 12‑month target prices generally cluster in the mid-to-high C$60s, while some intrinsic-value models estimate fair value somewhat above the current share price. ^[22]

Notably, Simply Wall St now describes the stock as “around 20% undervalued” relative to its internal fair value estimate, even as traditional analyst price targets hover closer to spot. ^[23]

The net result:

Consensus rating tilted to “Hold / Moderate Buy”, with price targets implying modest upside at best, but some valuation models suggesting deeper long‑term value.

Technical Picture: Breakout Above the 200-Day Average

From a chart-based perspective (without actually showing a chart):

Power Corporation’s stock has broken above its 200-day simple moving average of about C$58.46, closing significantly higher than that level in recent sessions. ^[24]
The share price is now trading within a few dollars of its 52-week high of C$72.49. ^[25]
Over the past year, Power Corporation has delivered a very strong risk-adjusted return, with a one-year Sharpe ratio above 3 according to PortfoliosLab—well above long-term averages. ^[26]

Short-term technical services caution that the stock’s recent pullback on rising volume could signal higher near-term volatility, and their model now flags the name as a “hold or accumulate” candidate rather than an outright buy at current levels. ^[27]

Strategy and Growth Drivers: From Insurance and Wealth to Sustainable Assets

Power Corporation is a diversified financial holding company, with core exposure to: ^[28]

Great-West Lifeco – insurance, retirement, and reinsurance
IGM Financial – wealth management and asset management (Mackenzie Investments, IG Wealth)
GBL (Groupe Bruxelles Lambert) – European listed and private investments
Alternative asset platforms, including sustainability-focused strategies via Power Sustainable

Recent strategic developments include:

Decarbonisation private equity fund: In May 2025, climate-focused arm Power Sustainable secured US$330 million (approx. C$330 million) for a new private equity strategy focused on decarbonisation opportunities. ^[29]
ESG and climate positioning: The group continues to emphasise sustainability in its investments and has been active in supporting academic clean-energy research, including a C$4 million donation to Concordia University for clean power research. ^[30]

These moves matter for the stock because they:

Diversify earnings beyond traditional life insurance and wealth,
Potentially enhance growth and valuation multiples if ESG and green infrastructure themes continue to attract capital, and
Reinforce Power’s narrative as a modern financial and investment platform, rather than a legacy conglomerate.

Capital Structure, Insider Activity and Risk Profile

Capital structure and returns

Power’s adjusted net asset value (NAV) remains heavily weighted to publicly traded holdings measured at market value; as of Q3 2025, about 92% of assets at fair value were in listed securities or cash, underscoring the transparency of its portfolio. ^[31]
Long-term investors have benefited from solid risk-adjusted performance, with good Sharpe ratios over 5- and 10-year periods, and consistent dividend increases. ^[32]

Insider transactions

Valuation service Simply Wall St flags notable insider selling in late 2025, including the President selling more than C$7 million worth of stock in late November, plus several other insider transactions over the course of the year. ^[33]

Insider selling doesn’t automatically signal trouble—executives may sell for portfolio or tax reasons—but it is a factor cautious investors may monitor, particularly after a large share price run‑up.

Key risks

As with all financial holding companies, investors should keep in mind:

Market and rate sensitivity: Earnings and NAV are exposed to equity market moves, interest rate changes and credit spreads via insurance and asset management subsidiaries. ^[34]
Regulatory and capital requirements: Insurance businesses operate under strict capital regimes; changes to solvency rules could affect dividends and buybacks.
Alternative asset valuations: Parts of Power’s portfolio are in private or less liquid assets; a downturn could pressure reported NAV. ^[35]
Political and reputational risk: Historically, Power Corporation has at times attracted scrutiny for its influence in Canadian business and politics, as noted in public profiles. ^[36]

Key Dates and Catalysts Ahead

Looking beyond Q3, several milestones stand out:

Ex-dividend date: December 31, 2025 (for the C$0.6125 quarterly dividend). ^[37]
Dividend payment date: January 30, 2026. ^[38]
Next earnings release: Power Corporation is expected to report Q4 2025 and full-year 2025 results around March 18, 2026, according to forward-looking calendars. ^[39]
Trading of new preferred share series (POW.PR.I) following the November 20, 2025 closing of the 5.65% issue. ^[40]

These events could act as catalysts for re‑rating—positively or negatively—depending on how earnings, capital deployment and macro conditions evolve.

Is Power Corporation of Canada Stock Still Attractive After the Rally?

After a year of strong gains, the investment debate around Power Corporation of Canada looks something like this:

Bullish arguments

Earnings momentum: Q3 2025 showed sharply higher earnings and an adjusted EPS beat, supported by strong performance at Great-West, IGM and alternative investments. ^[41]
Capital returns: A growing dividend (C$0.6125 per quarter) and active buybacks (5.1 million shares retired) underpin an attractive total shareholder return profile. ^[42]
Valuation still reasonable: Even after the rally, the stock trades at under 1x book value and a mid-teens P/E, with several intrinsic-value models seeing it as undervalued. ^[43]
Improving sentiment: Multiple target hikes from RBC, Scotiabank, BMO, Desjardins and others reflect growing confidence in management’s strategy and earnings outlook. ^[44]

Cautious and bearish arguments

Limited upside to consensus targets: The average 12‑month price target around C$69–70 is near or slightly below the current share price, suggesting modest upside from here by traditional analyst metrics. ^[45]
Near technical resistance: Shares are near 52‑week highs, with some short-term indicators pointing to elevated risk of a pullback after a strong run above the 200‑day average. ^[46]
Macro and regulatory uncertainty: A turn in markets, lower interest rates, or new capital rules could pressure earnings and valuations for financial services holdings. ^[47]
Insider selling: Recent large insider sales may raise questions about how management views the stock’s near-term valuation, even if long-term prospects remain solid. ^[48]

Final Thoughts

Power Corporation of Canada has used 2025 to reshape its narrative: from an often-overlooked holding company trading at a steep discount, to a more tightly run financial platform delivering earnings growth, dividend increases, buybacks and ESG-linked growth initiatives.

At today’s levels, the stock no longer looks like a deep value play, but it does offer:

A solid and growing 3–4% dividend yield,
Exposure to insurance, wealth management and sustainable assets, and
A management team clearly focused on capital efficiency and shareholder returns. ^[49]

Whether TSX:POW is attractive right now will depend on your risk tolerance, time horizon and view of the broader market. Income‑oriented investors who value stability and dividend growth may still find the stock appealing, while more valuation‑sensitive investors could choose to wait for a pullback closer to intrinsic value estimates or to the mid‑C$60 range implied by several price targets.

Important: This article is for informational purposes only and does not constitute financial or investment advice. Always do your own research and consider consulting a licensed financial adviser before making investment decisions.