Primerica, Inc. (PRI) To Go Ex-Dividend on May 21st

Primerica, Inc. (NYSE:PRI) announced a quarterly dividend on Wednesday, May 6th. Stockholders of record on Thursday, May 21st will be paid a dividend of 1.20 per share by the financial services provider on Friday, June 12th. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, May 21st.

Primerica has increased its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 2 years. Primerica has a payout ratio of 21.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Primerica to earn $26.27 per share next year, which means the company should continue to be able to cover its $4.80 annual dividend with an expected future payout ratio of 18.3%.

Primerica Stock Performance

Shares of NYSE:PRI opened at $280.44 on Tuesday. Primerica has a twelve month low of $230.09 and a twelve month high of $288.03. The firm has a market cap of $8.74 billion, a PE ratio of 11.76 and a beta of 0.91. The business has a fifty day moving average of $263.59 and a 200-day moving average of $260.74.

Primerica (NYSE:PRI) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $5.96 earnings per share for the quarter, beating analysts’ consensus estimates of $5.45 by $0.51. Primerica had a return on equity of 32.32% and a net margin of 22.99%.The company had revenue of $872.30 million during the quarter, compared to analyst estimates of $855.36 million. During the same period last year, the company posted $5.02 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, analysts anticipate that Primerica will post 24.08 EPS for the current fiscal year.

Primerica Company Profile

Primerica, Inc is a financial services company that focuses on delivering term life insurance and investment products to middle-income households in the United States and Canada. The firm operates a network of independent, licensed representatives who provide personalized guidance on coverage needs, retirement planning, and wealth accumulation. Primerica’s core mission is to help clients obtain affordable life insurance protection while also offering a suite of savings and investment solutions designed for long-term financial security.

In addition to term life insurance, Primerica offers a range of financial products and services that include mutual funds, annuities, auto and home insurance through partner carriers, and personal lending solutions such as secured and unsecured loans.