Great-West Lifeco Inc. (GRWTF)
OTC PINK OTC PINK Primary 
Great-West Lifeco: Switching From Common Shares To The 5.75% Yielding Preferreds
Great-West Lifeco has delivered strong operational results, with base EPS up 15% year-over-year and robust dividend coverage. GWO common shares trade above C$90, over 15x base earnings, leading me to maintain a hold rating despite clear EPS growth potential. The company actively returns capital via a C$0.67/share quarterly dividend and ongoing share buybacks, reducing share count by 1.5% YTD.
Great-West Lifeco: Rewarded For Its Strong Results
Great-West Lifeco delivered record Q3 results, with EPS up 30% year-over-year and robust base earnings growth. GWO's preferred stock dividends remain extremely well-covered, requiring less than 4% of attributable net profit, supported by a solid C$25.5B equity cushion. Preferred shares like GWO.PR.Q:CA offer a 5.5% yield and potential capital gains, with call risk considered benign and total return estimates near 8% annually if called.
