The Globe and Mail reports in its Saturday, Feb. 24, edition that Great-West Lifeco is one of the best dividend-paying stocks on the Toronto Stock Exchange. The Globe's Norman Rothery writes that Great-West Lifeco is a stock beloved by risk-averse investors. The Globe has placed Great-West in its Dividend All-Stars portfolio. It is one of The Globe's top 20 dividend picks for 2024. Great-West is a Winnipeg-based life and health insurer with investment services, asset management and reinsurance businesses. It pays a 5.4-per-cent dividend yield and recently boosted its dividend per share by 6.7 per cent. Great-West is a subsidiary of Power Corp. of Canada, which is also a Dividend All-Star. The Globe reported on June 1 and Jan. 24 that National Bank Financial analyst Gabriel Dechaine rated Great-West "sector perform." It was then worth $38.51 and $43.52. The Globe reported on July 23 that CIBC World Markets analyst Paul Holden had cut Great-West to "neutral" from "outperformer." It was then worth $39.95. The Globe reported on Jan. 26 that BMO Nesbitt Burns analyst Tom MacKinnon had reaffirmed his "sector perform" recommendation for Great-West. The shares could then be had for $44.39.