Power Financial raises quarterly dividend after reporting $478M in Q4

first_img IE staff, with files from Canadian Press Related news Power Financial also reported a profit of $0.67 per share for the quarter ended Dec. 31 compared with a profit of $225 million or $0.32 per share in the last three months of 2017.On an adjusted basis, the company said it earned $460 million or $0.65 per share for the quarter compared with an adjusted profit of $547 million or $0.77 per share a year earlier.Analysts on average had expected a profit of $0.77 per share, according to Thomson Reuters Eikon.For the 12 months ended Dec. 31, the company reported profit of $2.245 billion or $3.15 per share, compared with $1.717 billion or $2.41 per share in 2017. On an adjusted basis, the company earned $2.282 billion or $3.20 per share, compared with $2.135 billion or $2.99 per share in 2017.Power Financial holds majority stakes in Great-West Lifeco, IGM Financial and Wealthsimple Financial Corp., as well as a minority stake in Pargesa Holding.For the fourth quarter, Great-West Lifeco had net earnings and adjusted net earnings attributable to common shareholders of $710 million, or $0.72 per share, compared with net earnings of $392 million or $0.40 per share, and adjusted net earnings of $734 million or $0.74 per share in 2017.The decrease is primarily due to the impact of equity market declines in the fourth quarter of 2018 partially offset by strong underlying business results, the firm said in a release.For the year, Great-West Lifeco had net earnings attributable to common shareholders of $2.961 billion or $3.00 per share, compared with $2.149 billion or $2.17 per share in 2017. Adjusted net earnings attributable to common shareholders were $3.017 billion or $3.05 per share, compared with $2.647 billion or $2.68 per share in 2017.IGM Financial had fourth-quarter net earnings and adjusted net earnings of $179.9 million or $0.75 per share, compared with net earnings of $50.6 million, or $0.21 per share, and adjusted net earnings of $191.4 million or $0.79 per share in 2017. Other items not included in adjusted net earnings in the fourth quarter of 2017 were restructuring and other charges of $140.8 million.IGM’s assets under management at Dec. 31, 2018, were $149.1 billion, a decrease of 6.7% in the quarter and 4.8% from the prior year primarily due to negative investment returns consistent with industry results, the release said.For the year, IGM’s net earnings available to common shareholders were $767.3 million or $3.18 per share, compared with $601.9 million or $2.50 per share in 2017. Adjusted net earnings were $791.8 million or $3.29 per share, compared with $727.8 million or $3.02 per share in 2017.For more details, see the company’s release. Share this article and your comments with peers on social media Facebook LinkedIn Twitter Canadian banks to focus on growth, spending and buybacks after strong second quarter Businessman hand showing financial report on table nonwarit/123RF Power Financial Corp. announced a quarterly dividend increase Wednesday as it reported a fourth-quarter profit of $478 million.The Montreal-based company’s quarterly payment to shareholders will go up by 5.2% to 45.55 cents per common share. Keywords Earnings,  DividendsCompanies Power Financial Corp. Laurentian Bank reports $53.1M profit in Q2, beats expectations Canaccord reports record revenues, drops proposal to acquire RF Capitallast_img read more

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St. Anne’s Infant School is National Children’s Action Day Project

first_imgSt. Anne’s Infant School is National Children’s Action Day Project EducationApril 26, 2013 RelatedSeven Primary Schools in East Kingston Get Tablet Computers FacebookTwitterWhatsAppEmail Young Jamaicans are being encouraged to do something for their communities through schools and youth groups on National Children’s Action Day, as part of activities to celebrate Child Month 2013, to be observed in May.The Day, being organised by the National Child Month Committee (NCMC), will be observed on Friday, May 10, and the main project is the St. Anne’s Infant School, 48 North Street, downtown, Kingston. Efforts will be made to repair its facilities, including the playground, bathrooms and surrounding areas.Each year, the NCMC selects a National Action Day Project for the main activity of the day.Speaking at a recent JIS ‘Think Tank’, Chairperson of the NCMC, Dr. Pauline Mullings, said the Day is an opportunity to “promote community spirit” and to help children understand that “whereas they do have rights, they also have responsibilities”.“We are asking all adults to ensure that the children from your church, school clubs and communities are involved in doing beautification programmes,” she said, adding that some children can be involved in projects such as the planting of trees or painting of pedestrian crossings. She emphasized that children must be guided by an adult before embarking on a job. Another main event during Child Month is National Children’s Day to be celebrated on Friday, May 17. Last year, Governor-General, His Excellency the Most Hon. Sir Patrick Allen, proclaimed the third Friday of May each year as National Children’s Day.“This is the day when every child on the street, in your personal care, and in the school must be treated the same way as we treat Mother’s Day and Father’s Day,” Dr. Mullings said.She is encouraging all Jamaicans to wear something yellow on that Day to reflect the sunshine of children. Motorists are also being asked to keep their headlamps on to show that “we do love, care, recognise, honour and celebrate our children,” Dr. Mullings said.Child Month was first celebrated in May, 1953, under the patronage of Lady Foote, wife of the then Governor.By E. Hartman Reckord, JIS Reporter RelatedSt. Anne’s Infant School is National Children’s Action Day Projectcenter_img RelatedSt. Anne’s Infant School is National Children’s Action Day Project Advertisementslast_img read more

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Feature: MWC17 Day 4

first_img AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 02 MAR 2017 Powered by THEOplayer 2021.1.3Close Related ContentClose ShareMobile World Live‘s Steve Costello brings you all the action from Wednesday at Mobile World Congress. Remote control monster trucks were a highlight of Nokia’s keynote from CEO Rajeev Suri, while 5G Olympic efforts and ‘conversational commerce’ were other big themes. Previous ArticleKeynote 9 wrapup & Jio/Samsung Press EventNext ArticleHall 3: ZTE stand Related contentRelated contentShare VideoShare Video Play Video UnavailableUnavailable UnavailableLanguageLanguageSettingsHDSettingsFullscreenFullscreenThis is a modal window.Caption Settings DialogBeginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsDefaultsDone Playing onSubtitlesLanguageSettingsQualityAutomatic Automatic HDSpeedNormalQualityAutomaticSpeed0.250.5Normal1.251.52Loaded: 0%0:00Progress: 0%0:00 Progress: 0%PlayPlayMuteMuteCurrent Time 0:00/Duration Time 0:00LiveRemaining Time -0:00 Watch in VRWatch in VRdescriptions off, selectedDescriptionsSubtitlesSubtitlesUnavailable HomeFeatured Content Feature: MWC17 Day 4last_img read more

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Fowler trails Kizzire by one at Mayakoba

first_imgPLAYA DEL CARMEN, Mexico – Patton Kizzire birdied the 17th hole for a two-shot swing that gave him a one-shot lead over Rickie Fowler going into the final round of the OHL Classic at Mayakoba. Kizzire shot a 5-under 66 on Sunday morning in the rain-delayed tournament and was at 15-under 198. This is the second time Kizzire has had the 54-hole lead on the PGA Tour as he goes after his first victory. Fowler had the lead until making bogey on No. 17. He shot 67. Patrick Rodgers, who was tied with Kizzire and Rodgers to start the third round, made double bogey on the first and 18th holes for a 72 and was six shots behind. Players stayed in their same groups and began the fourth round immediately, with hopes of finishing Sunday.last_img read more

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Porter nurses ratify first contract

first_imgPorter Medical Center, Inc,The nurses of the Porter Federation of Nurses and Health Professionals (PFNHP) voted to ratify their first contract with an overwhelming majority on Monday. The group had reached a tentative agreement with the Porter Medical Center (PMC) in Middlebury last week. This contract is their first, after the nurses voted to form their union a year ago. The contract took effect upon ratification (December 23, 2014) and will continue through September 30, 2017.Reflecting on the vote to ratify the contract, AFT Vermont President Ben Johnson said, “We welcome Porter nurses into AFT Vermont and we congratulate them on their historic win.”Janet Mosurick, RN, celebrated the vote, saying, “Two years of planning dreaming and hard work ended up to be a great accomplishment that led to the reality a first nursing contract for the hospital where I am proud to work.””The delivery of healthcare is better for a community when workers and management can bargain over issues affecting patients, and that’s what happened here. The issues addressed in this first contract were the catalyst for the RNs to form a union so they would have an avenue to discuss ways to improve patient and working conditions.Ensuring patient safety is a top priority for all nurses, including those at Porter Medical Center. Forced overtime and chaotic schedules put patients and nurses at risk. The agreement ratified on Monday will minimize that risk, ensuring that nurses work under safe and sane working conditions and patients get the high-quality care they deserve,” said AFT President Randi Weingarten, upon hearing of the contract approval.The nurses of PFNHP prioritized safe patient care in their bargaining platform.  They will now have six staffing committees to address staffing recommendations and safe staffing issues. There are serious limits in the use of mandatory overtime. The nurses won guarantees that they will be consulted and fully trained on all new equipment before it is put into use.The nurses also bargained a wage scale that will, over time, correct the vast inequities in wages at Porter Medical Center. Another key win is guaranteed paid certifications for continuing education. PFNHP is confident these wins will improve patient care at PMC as well as improve recruitment and retention.The Porter Federation of Nurses and Health Professionals is a professional union representing the Registered Nurses at Porter Medical Center. PFNHP is committed to advancing quality patient care & our nursing practice.Source: American Federation of Teachers 12.23.2014last_img read more

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Cut VAT on housing to get ‘white van man’ – and our economy – motoring

first_imgWould you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletters To access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.last_img

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Digicel cancer Awareness cycle race pedals off tomorrow

first_imgThe seventh edition of the Digicel Cancer Awareness Cycle event will pedal off tomorrow on the streets of the capital. The cream of the nation’s wheelsmen along with casual riders will battle for lucrative cash prizes and trophies when activities get underway at 08:30hrs.During the launch of the flagship event at the Georgetown Cricket Club pavilion, last week, Keith Fernandes, President of the Evolution Cycle Club, stated that the event promises to be “different” and “exciting.”Jamal JohnThe main event which will feature the best senior and junior riders from across the 592, will start on Irving Street, head north to the roundabout, turn right onto Vlissengen Road, left onto Thomas Lands then back onto Irving Street for 30 laps (approximately 40 miles). The Novices/Mountain Bikes will compete in race one, followed by a race for children (being held for the first time at the event), a match sprint and the race for veterans (Over and Under 45 years).Geron Williams was last year’s race winner and will be gunning for a repeat. However the inform Michael Anthony and Jamal John may have a say in who stands atop of the podium tomorrow.Meanehile, Vidya Sanichara of Digicel pointed out while there is no registration fee for the children, others would be required to pay $2,000 to compete. The proceeds from registration would be matched by Digicel and donated to the Cancer Institute of Guyana.  Sanichara added that part of the proceeds from the company’s smartphone sales inMichael AnthonyOctober would also be given to the Cancer Institute to aid its fight against the disease. Meanwhile, this year Banks DIH Limited will be rehydrating athletes and officials through its Rainforest Waters. The stakeholders are urging members of the public to come out and witness the country’s riders as they compete for a good cause.  Registration will start at 07:00hrs.last_img read more

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