Power Corporation of Canada (TSE:POW) is a large Canadian financial holding company that currently sports a 5.9% forward dividend yield. As per our estimates, POW looks undervalued, making it a solid stock for income investors to consider, with the caveat that it’s likely not a stock that could make you rich overnight.
While POW has provided satisfactory returns in the past, we would prefer a stock with more growth potential at its current dividend yield, at least in this market environment, leaving us neutral on the company. Nonetheless, let’s analyze its dividend and valuation.
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