Prudential Financial, Inc. (NYSE:PRU) Plans Quarterly Dividend of $1.35

Prudential Financial, Inc. (NYSE:PRU) declared a quarterly dividend on Tuesday, November 4th. Stockholders of record on Tuesday, November 18th will be paid a dividend of 1.35 per share by the financial services provider on Thursday, December 11th. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Tuesday, November 18th.

Prudential Financial has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Prudential Financial has a payout ratio of 36.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Prudential Financial to earn $15.25 per share next year, which means the company should continue to be able to cover its $5.40 annual dividend with an expected future payout ratio of 35.4%.

Prudential Financial Price Performance

Shares of Prudential Financial stock traded up $0.24 during trading hours on Wednesday, hitting $105.28. The company’s stock had a trading volume of 70,547 shares, compared to its average volume of 1,713,878. Prudential Financial has a 12-month low of $90.38 and a 12-month high of $130.55. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.16 and a current ratio of 0.16. The business has a 50 day moving average price of $104.00 and a two-hundred day moving average price of $104.44. The company has a market cap of $36.85 billion, a PE ratio of 14.45, a PEG ratio of 0.88 and a beta of 1.05.

Prudential Financial (NYSE:PRU) last issued its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $3.58 earnings per share for the quarter. Prudential Financial had a return on equity of 16.98% and a net margin of 4.65%.The company had revenue of $8.35 billion for the quarter. Analysts expect that Prudential Financial will post 14.36 earnings per share for the current fiscal year.

Prudential Financial Company Profile

Prudential Financial, Inc, together with its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through PGIM, Retirement Strategies, Group Insurance, Individual Life, and International Businesses segments.