Prudential Financial, Inc. Declares Quarterly Dividend of $1.40 (NYSE:PRU)

Prudential Financial, Inc. (NYSE:PRU) announced a quarterly dividend on Tuesday, May 12th. Investors of record on Tuesday, May 26th will be given a dividend of 1.40 per share by the financial services provider on Thursday, June 11th. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Tuesday, May 26th.

Prudential Financial has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Prudential Financial has a dividend payout ratio of 38.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Prudential Financial to earn $14.87 per share next year, which means the company should continue to be able to cover its $5.60 annual dividend with an expected future payout ratio of 37.7%.

Prudential Financial Stock Performance

PRU traded down $0.10 on Wednesday, hitting $102.48. 640,053 shares of the company’s stock were exchanged, compared to its average volume of 2,323,694. Prudential Financial has a twelve month low of $91.89 and a twelve month high of $119.76. The firm has a market cap of $35.56 billion, a PE ratio of 10.54, a P/E/G ratio of 1.83 and a beta of 0.86. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.58. The stock has a fifty day moving average of $96.93 and a two-hundred day moving average of $104.56.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $3.61 EPS for the quarter, beating the consensus estimate of $3.09 by $0.52. The company had revenue of $15.23 billion for the quarter, compared to analyst estimates of $14.10 billion. Prudential Financial had a net margin of 5.83% and a return on equity of 16.33%. During the same quarter last year, the business earned $3.29 earnings per share. On average, research analysts anticipate that Prudential Financial will post 13.72 earnings per share for the current fiscal year.

About Prudential Financial

Prudential Financial, Inc, headquartered in Newark, New Jersey, is a diversified financial services company with roots dating to 1875. The firm provides a range of insurance, retirement and investment products aimed at helping individual and institutional clients manage risk, accumulate and protect wealth, and plan for retirement. Prudential’s long history in life insurance and related financial services has positioned it as a major participant in the U.S. insurance market and a provider of services to a broad client base.

Prudential’s core business activities include individual life insurance, annuities, retirement solutions and group insurance products for employers.