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Power of Canada Reports Higher Adjusted Earnings for Second Quarter; Dividend Declared

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Power of Canada (POW.TO) after trade Thursday reported second-quarter adjusted earnings of C$1.55 per participating share, up from C$1.38 per participating share a year ago.

Analysts polled by FactSet expected C$1.55.

Revenue figures were unavailable.

Great-West Lifeco (GWO.TO) reported adjusted net earnings of C$871 million, and IGM Financial (IGM.TO) posted adjusted net earnings of C$211 million.

The company said its board declared a quarterly dividend of 66.75 cents per share on the participating preferred shares and the subordinate voting shares, payable Oct. 30 to shareholders of record Sept. 29.

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