Power Corporation of Canada (POW) presented its active ownership strategy and financial targets at the Scotiabank 27th Annual Financials Summit on September 10, 2026. The company aims for a total shareholder return of 12% plus annually, composed of 9% plus earnings growth and a 3% dividend yield. The medium-term earnings growth target stands at 9% plus annually across subsidiaries.
James O’Sullivan, President and CEO of Power Corporation, emphasized the company's active ownership approach, stating, "We are active owners. Power Corp has had a mission statement for more than 10 years. It's on our website." The company has raised its dividend for four consecutive years and maintained dividend payments for 54 consecutive years, with a current dividend yield of about 3%.
The company has invested CAD 150 million in an AI investment fund, structured as "three by 50." Additionally, Paul Desmarais III, leader associated with Sagard / Portage / alternative funds, targets CAD 100 billion by 2030. Rockefeller, a performance fund, delivered a 30% return over the past year and a 34% gain year-to-date, bought at roughly 20 times EBITDA, and doubled in value in about two and a half years. It generated several hundred million Canadian dollars in recapitalization proceeds, which helped fund a full 5% normal course issuer bid (NCIB) at IGM.
Power Corporation's stock price was cited at $25.74, about 28% below its 52-week high of $35.55, with shares posting a 9% gain over the past six months. The company's customer focus rallies are summarized as "Know me," "Delight me," and "Treat me fairly." Alternatives platforms are described as "quintessentially people businesses."
