Corebridge Financial, Inc. (CRBG) to Issue Quarterly Dividend of $0.25 on March 31st

Corebridge Financial, Inc. (NYSE:CRBG) declared a quarterly dividend on Monday, February 9th. Investors of record on Tuesday, March 17th will be paid a dividend of 0.25 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Tuesday, March 17th. This is a 4.2% increase from Corebridge Financial’s previous quarterly dividend of $0.24.

Corebridge Financial has a payout ratio of 17.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Corebridge Financial to earn $6.29 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 15.9%.

Corebridge Financial Trading Up 2.8%

Shares of NYSE:CRBG opened at $23.48 on Friday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.11. Corebridge Financial has a 52-week low of $22.32 and a 52-week high of $36.57. The stock has a market cap of $11.31 billion, a price-to-earnings ratio of -44.29, a PEG ratio of 0.36 and a beta of 1.11. The business has a 50-day moving average price of $29.11 and a 200-day moving average price of $30.62.

Corebridge Financial (NYSE:CRBG) last issued its earnings results on Wednesday, February 11th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.11. Corebridge Financial had a positive return on equity of 18.92% and a negative net margin of 1.73%.The firm had revenue of $6.34 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same quarter in the prior year, the firm earned $1.06 earnings per share. Equities analysts predict that Corebridge Financial will post 5.43 EPS for the current year.

About Corebridge Financial

Corebridge Financial (NYSE: CRBG) is a publicly traded provider of retirement, life insurance and asset management solutions. Formed from the separation of American International Group’s life and retirement operations, Corebridge focuses on helping individuals, employers and institutions manage retirement income, protect against longevity and mortality risks, and invest long-term savings. The company operates under a unified brand that brings together insurance products and investment capabilities to deliver integrated financial solutions.

Corebridge’s product suite includes retirement income and annuity products, individual and group life insurance, asset management and investment advisory services, and employer-sponsored retirement plan offerings.