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Great-West Lifeco Q2 Base EPS up 15% YoY

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Great-West Lifeco (GWO.TO) second-quarter base earnings advanced 15% to C$1.42 per share, from C$1.24 per share, the company said overnight Tuesday.

The result beat the consensus analyst forecast of C$1.37 per share, according to FactSet.

Base return on equity was 19.3%, up from the prior year period's 17.4%. Great-West credited earnings growth, capital deployment, and share buybacks for the higher base ROE.

Great-West will pay a regular quarterly dividend of C$0.67 per share on Sept. 29, to shareholders of record on Sept. 1.

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