Prudential Financial, Inc. (NYSE:PRU) to Issue $1.35 Quarterly Dividend

Key Points

• Prudential Financial, Inc. announced a quarterly dividend of $1.35 per share, with a yield of 5.2%, to be distributed on September 11th to shareholders of record by August 19th.
• The company has a payout ratio of 36.6%, indicating its dividend is well-supported by earnings, and is expected to maintain a similar future payout ratio of 35.4% with anticipated earnings of $15.25 per share next year.
• Prudential Financial reported $3.58 EPS for the last quarter, beating analyst expectations, and has a market capitalization of $36.55 billion with a 52-week high of $130.55.

Prudential Financial, Inc. (NYSE:PRU - Get Free Report) announced a quarterly dividend on Tuesday, August 5th, RTT News reports. Investors of record on Tuesday, August 19th will be paid 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 5.2%. The ex-dividend date is Tuesday, August 19th.

Prudential Financial has a dividend payout ratio of 36.6% indicating that its dividend is sufficiently covered by earnings. Equities 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

Prudential Financial stock traded up $2.61 during midday trading on Friday, hitting $103.29. The company's stock had a trading volume of 1,996,535 shares, compared to its average volume of 1,752,058. Prudential Financial has a 1-year low of $90.38 and a 1-year high of $130.55. 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 company has a 50-day moving average price of $104.81 and a two-hundred day moving average price of $106.83. The company has a market cap of $36.36 billion, a price-to-earnings ratio of 22.90, a PEG ratio of 0.92 and a beta of 1.07.

Prudential Financial (NYSE:PRU - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $3.58 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.36. Prudential Financial had a net margin of 2.75% and a return on equity of 15.80%. The business had revenue of $13.50 billion during the quarter, compared to analysts' expectations of $13.47 billion. During the same quarter in the previous year, the company earned $3.39 EPS. The business's revenue was down 2.5% on a year-over-year basis. As a group, sell-side analysts predict 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.