Dividend Yield: 3.4%

National Bank of Canada offers a reliable dividend yield of 3.44%, supported by a low payout ratio of 41%. Recent earnings growth and stable dividend payments over the past decade underscore its commitment to shareholders. The company declared quarterly dividends on various preferred shares and $1.10 per common share, payable in November 2024. Additionally, a CAD 5 billion shelf registration filing indicates potential future capital raises, enhancing its financial flexibility for sustaining dividends.

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• Our valuation report unveils the possibility National Bank of Canada's shares may be trading at a discount.

Power Corporation of Canada

Simply Wall St Dividend Rating: ★★★★★☆

Overview: Power Corporation of Canada (TSX:POW) is an international management and holding company that provides financial services across North America, Europe, and Asia, with a market cap of CA$26.66 billion.

Operations: Power Corporation of Canada's revenue segments include Lifeco (CA$26.23 billion), Power Financial - IGM (CA$3.65 billion), Holding Company (CA$83 million), and Alternative Asset Investment Platforms and Other (CA$1.69 billion).

Dividend Yield: 5.4%

Power Corporation of Canada provides a stable dividend yield of 5.36%, supported by low payout ratios (earnings: 47.8%, cash flow: 33.4%). The company has consistently increased dividends over the past decade and reported significant earnings growth, with net income reaching CAD 1.47 billion for the first half of 2024. Recent buybacks and quarterly dividends on various preferred shares further highlight its commitment to returning value to shareholders while maintaining financial health.

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• Our comprehensive valuation report raises the possibility that Power Corporation of Canada is priced lower than what may be justified by its financials.

Summing It All Up

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include TSX:IAG TSX:NA and TSX:POW.

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