Equitable Holdings, Inc. (EQH) To Go Ex-Dividend on August 3rd

Equitable Holdings, Inc. (NYSE:EQH) declared a quarterly dividend on Wednesday, July 22nd. Investors of record on Monday, August 3rd will be given a dividend of 0.30 per share on Monday, August 10th. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, August 3rd.

Equitable has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 2 years. Equitable has a dividend payout ratio of 14.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Equitable to earn $8.76 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 13.7%.

Equitable Stock Down 2.4%

EQH stock opened at $47.69 on Friday. The firm’s 50-day simple moving average is $45.12 and its 200 day simple moving average is $42.97. The stock has a market cap of $13.02 billion, a PE ratio of -16.79, a price-to-earnings-growth ratio of 0.48 and a beta of 1.10. Equitable has a fifty-two week low of $35.19 and a fifty-two week high of $55.24. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 8.75.

Equitable (NYSE:EQH) last announced its earnings results on Monday, May 4th. The company reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.02. Equitable had a negative net margin of 7.26% and a positive return on equity of 232.29%. The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same quarter in the previous year, the firm posted $1.35 earnings per share. Equitable’s revenue was down 7.6% compared to the same quarter last year. As a group, sell-side analysts predict that Equitable will post 7.11 EPS for the current year.

About Equitable

Equitable Holdings, Inc (NYSE: EQH) is a leading provider of life insurance, annuities and retirement plan services in the United States. Through its insurance subsidiary, AXA Equitable Life Insurance Company, the firm offers a broad range of permanent and term life insurance products designed to help individuals and families manage risk and build wealth. In addition, Equitable provides fixed, variable and indexed annuity solutions to support income planning in retirement, as well as a suite of group retirement and pension plan services for employers and plan sponsors.

The company also maintains an asset management arm that delivers investment strategies across equities, fixed income and alternative asset classes for both retail and institutional clients.