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

Prudential Financial, Inc. (NYSE:PRU) declared a quarterly dividend on Tuesday, August 5th, RTT News reports. Investors of record on Tuesday, August 19th will be given a dividend of 1.35 per share by the financial services provider on Thursday, September 11th. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Tuesday, August 19th.

Prudential Financial has a dividend payout ratio of 36.6% meaning 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 Stock Performance

PRU opened at $105.98 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a fifty day moving average price of $104.96 and a 200 day moving average price of $106.27. Prudential Financial has a 1 year low of $90.38 and a 1 year high of $130.55. The stock has a market cap of $37.30 billion, a P/E ratio of 23.50, a P/E/G ratio of 0.94 and a beta of 1.07.

Prudential Financial (NYSE:PRU) last posted its earnings results on Wednesday, July 30th. The financial services provider reported $3.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.36. The firm had revenue of $13.50 billion during the quarter, compared to analysts’ expectations of $13.47 billion. Prudential Financial had a net margin of 2.75% and a return on equity of 15.80%. The business’s revenue was down 2.5% compared to the same quarter last year. During the same period in the previous year, the business posted $3.39 EPS. Equities research analysts anticipate that Prudential Financial will post 14.36 earnings per share for the current 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.