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Operations: Power Corporation of Canada generates revenue through its diversified financial services operations across North America, Europe, and Asia.

Dividend Yield: 5%

Power Corporation of Canada provides a stable dividend history with consistent growth over the past decade, supported by low payout ratios—15% from earnings and 29% from cash flows. Despite its 5% yield being below top Canadian payers, it remains reliable. Recent earnings showed a decrease in quarterly net income to C$384 million but stable nine-month results at C$1.85 billion. The company declared upcoming dividends for preferred shares payable in January 2025.

• Unlock comprehensive insights into our analysis of Power Corporation of Canada stock in this dividend report.

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

Hemisphere Energy

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

Overview: Hemisphere Energy Corporation acquires, explores, develops, and produces petroleum and natural gas interests in Canada with a market cap of CA$177.95 million.

Operations: Hemisphere Energy Corporation generates revenue of CA$77.01 million from its petroleum and natural gas interests in Canada.

Dividend Yield: 8.7%

Hemisphere Energy's dividend, although relatively new with only two years of payments, offers a high yield in the top 25% of Canadian payers. The dividend is well-covered by earnings and cash flows, with payout ratios at 33.6% and 65.7%, respectively. Recent financials show strong growth, with Q2 net income rising to C$10.39 million from C$5.79 million year-over-year. A special dividend was declared alongside regular payouts, enhancing shareholder returns.

• Click here and access our complete dividend analysis report to understand the dynamics of Hemisphere Energy.

• Our valuation report here indicates Hemisphere Energy may be undervalued.

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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:NA TSX:POW and TSXV:HME.

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