Jackson Financial Inc. (NYSE:JXN) Announces $0.90 Quarterly Dividend

Key Points

• Jackson Financial announced a $0.90 quarterly dividend payable June 25 to shareholders of record June 11, implying a 3.3% yield and a low payout ratio of 17%, indicating the dividend is well covered by earnings.
• The company missed the consensus, reporting Q1 EPS of $5.15 vs. $5.96 expected and revenue of $1.88 billion versus $1.94 billion, with revenue down 22.6% year‑over‑year.
• Analyst sentiment is muted after recent cuts: the consensus rating is "Hold" with an average price target of $114.80, while the stock opened at $108.50.

Jackson Financial Inc. (NYSE:JXN - Get Free Report) announced a quarterly dividend on Tuesday, May 5th. Stockholders of record on Thursday, June 11th will be given a dividend of 0.90 per share on Thursday, June 25th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Thursday, June 11th.

Jackson Financial has a payout ratio of 17.0% indicating that its dividend is sufficiently covered by earnings.

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Jackson Financial Stock Performance

Jackson Financial stock opened at $108.50 on Wednesday. The company has a market cap of $7.64 billion, a PE ratio of -310.00 and a beta of 1.39. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.47. The company's 50-day moving average price is $108.00 and its 200-day moving average price is $106.52. Jackson Financial has a twelve month low of $78.76 and a twelve month high of $123.61.

Jackson Financial (NYSE:JXN - Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported $5.15 earnings per share for the quarter, missing the consensus estimate of $5.96 by ($0.81). The firm had revenue of $1.88 billion during the quarter, compared to analysts' expectations of $1.94 billion. The business's revenue was down 22.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.10 earnings per share.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on JXN shares. Barclays cut their target price on Jackson Financial from $138.00 to $136.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 8th. Wall Street Zen downgraded Jackson Financial from a "buy" rating to a "hold" rating in a research report on Saturday, April 11th. Evercore set a $118.00 price target on shares of Jackson Financial and gave the company an "in-line" rating in a report on Tuesday, January 6th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Jackson Financial from $123.00 to $120.00 and set a "market perform" rating on the stock in a report on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $114.80.

Jackson Financial Company Profile

Jackson Financial Inc is a U.S.-based financial services holding company headquartered in Lansing, Michigan. The company operates primarily through its principal subsidiary, Jackson National Life Insurance Company, and specializes in designing and distributing retirement products. Jackson Financial has been publicly traded on the New York Stock Exchange under the ticker JXN since its initial public offering in May 2022.

The company's core offerings include a broad range of fixed, variable and indexed annuity products aimed at helping individuals preserve and grow retirement assets.

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