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Data last updated: Aug 18, 2026
Snapshot (as of Aug 18, 2026): Great-West Lifeco Inc. (GWO.TO) pays a $2.56 annual dividend ($0.67 quarterly), yielding 2.77% at $92.47/share. Next ex-dividend date 2026-09-01. 20 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 2.77%
Annual Dividend: $2.56 per share
Payout Ratio: 54.3%
Ex-Dividend Date: 2026-09-01
Dividend Frequency: quarterly
Sector: Financial Services
Years of Dividend History: 32
Great-West Lifeco Inc. has paid dividends for over three decades, backed by a business spanning life and health insurance, retirement solutions, and asset management across Canada, the United States, and Europe under brands like Canada Life, Empower, and Irish Life. The Great-West Lifeco Inc. dividend currently yields 2.77%, with trailing annual payments of $2.56 per share paid quarterly. The next ex-dividend date is September 1, 2026. A beta of 0.69 places GWO.TO stock well below average market volatility, which suits income investors who prioritize steadiness over price swings.
Great-West Lifeco Inc. pays out 54.3% of earnings as dividends, a payout ratio classified as moderate (40–60%). That level leaves meaningful earnings retained within the business, which spans recurring-demand products like life insurance, disability coverage, employer-sponsored retirement programs, and annuities across multiple geographies. Great-West Lifeco Inc. dividend safety benefits from that product breadth, as no single line of business dominates the payout obligation. The most data-supported pressure point is the insurance sector's sensitivity to interest rate movements, which can affect investment income and, by extension, the earnings base that funds the dividend.
Great-West Lifeco Inc. dividend history shows a CAGR of 5.0% per year from 2011 to 2025. Per-share payments grew from $1.2305 to $2.44 over that window (2026 data is partial and excluded from the rate calculation). The largest annual increase in the window was 9.9% in 2025, while the smallest was effectively flat at roughly 0% between 2012 and 2013, when the dividend held at approximately $1.23 per share. Twenty consecutive years of increases is the headline number: GWO.TO has not missed an annual raise in two decades.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +7.6% | $1.96 (2022) | $2.44 (2025) |
| 5-Year | +6.8% | $1.75 (2020) | $2.44 (2025) |
| 10-Year | +6.5% | $1.30 (2015) | $2.44 (2025) |
Great-West Lifeco Inc. fits dividend investors who want a moderate, growing income stream from a large, diversified financial services business. The yield sits at 2.77%, above the stock's own 5-year average of 2.27%, which means buyers today are locking in a historically above-average income rate. The yield classification is moderate (2–4%), so this is not a high-income play. The trade-off is straightforward: 20 consecutive years of increases and a 54.3% payout ratio point to durability, but 5.0% annual dividend growth is slow, and the yield alone will not satisfy investors chasing maximum current income.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-01 | $0.6700 |
| 2026-06-02 | $0.6700 |
| 2026-03-03 | $0.6700 |
| 2025-12-03 | $0.6100 |
| 2025-08-29 | $0.6100 |
| 2025-06-02 | $0.6100 |
| 2025-03-03 | $0.6100 |
| 2024-12-03 | $0.5550 |
| 2024-08-30 | $0.5550 |
| 2024-05-31 | $0.5550 |
| Year | Total Dividends |
|---|---|
| 2026 | $2.0100 |
| 2025 | $2.4400 |
| 2024 | $2.2200 |
| 2023 | $2.0800 |
| 2022 | $1.9600 |
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