Principal Financial Group, Inc. (NASDAQ:PFG) Announces Quarterly Dividend of $0.78

Key Points

• Principal Financial Group, Inc. announced a quarterly dividend of $0.78 per share, representing a 2.6% increase from the previous quarter.
• The company reported $2.16 earnings per share for the last quarter, beating estimates by $0.18, although revenue was below expectations.
• Shares are currently trading at $80.19, with a market cap of $17.98 billion and a dividend yield of 3.89%.

Principal Financial Group, Inc. (NASDAQ:PFG - Get Free Report) declared a quarterly dividend on Tuesday, July 29th, Wall Street Journal reports. Stockholders of record on Thursday, September 4th will be paid a dividend of 0.78 per share on Friday, September 26th. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Thursday, September 4th. This is a 2.6% increase from Principal Financial Group's previous quarterly dividend of $0.76.

Principal Financial Group has a dividend payout ratio of 33.7% indicating that its dividend is sufficiently covered by earnings.

Principal Financial Group Trading Down 3.0%

Shares of PFG stock traded down $2.30 during trading on Friday, hitting $75.53. The company's stock had a trading volume of 1,753,362 shares, compared to its average volume of 1,235,060. The business's fifty day moving average is $78.64. The company has a market cap of $16.83 billion, a P/E ratio of 15.20, a PEG ratio of 0.74 and a beta of 1.00. Principal Financial Group has a 52 week low of $68.39 and a 52 week high of $91.97. The company has a current ratio of 0.27, a quick ratio of 0.28 and a debt-to-equity ratio of 0.34.

Principal Financial Group (NASDAQ:PFG - Get Free Report) last announced its earnings results on Monday, July 28th. The company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.18. The firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $4 billion. Principal Financial Group had a return on equity of 15.63% and a net margin of 7.53%.

Principal Financial Group Company Profile

Principal Financial Group, Inc provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company operates through Retirement and Income Solutions, Principal Global Investors, Principal International, and U.S. Insurance Solutions segments.