Principal Financial Group, Inc. (NASDAQ:PFG) Raises Dividend to $0.82 Per Share

Principal Financial Group, Inc. (NASDAQ:PFG) declared a quarterly dividend on Thursday, April 23rd. Shareholders of record on Monday, June 1st will be given a dividend of 0.82 per share on Friday, June 26th. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date is Monday, June 1st. This is a 2.5% increase from Principal Financial Group’s previous quarterly dividend of $0.80.

Principal Financial Group has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 2 years. Principal Financial Group has a payout ratio of 35.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Principal Financial Group to earn $10.31 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 31.0%.

Principal Financial Group Stock Down 0.4%

Shares of NASDAQ PFG opened at $97.00 on Friday. Principal Financial Group has a 52-week low of $71.54 and a 52-week high of $98.44. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.27 and a current ratio of 0.27. The business has a fifty day moving average of $91.53 and a two-hundred day moving average of $88.59. The stock has a market cap of $21.02 billion, a PE ratio of 18.41, a PEG ratio of 0.90 and a beta of 0.87.

Principal Financial Group (NASDAQ:PFG) last posted its earnings results on Wednesday, February 18th. The company reported $2.20 earnings per share for the quarter. The business had revenue of $4.58 billion for the quarter. Principal Financial Group had a net margin of 7.58% and a return on equity of 16.09%. As a group, equities research analysts expect that Principal Financial Group will post 9.32 earnings per share for the current fiscal year.

About Principal Financial Group

Principal Financial Group (NASDAQ: PFG) is a global financial services company headquartered in Des Moines, Iowa, that provides a range of retirement, investment and insurance solutions to individuals, employers and institutional clients. The firm’s business is organized around retirement services, asset management, and insurance products designed to help clients plan, invest for, and protect income over the long term.

Principal’s product and service offerings include retirement plan recordkeeping and administration for employer-sponsored plans, individual and group retirement annuities, life and disability insurance, employee benefits solutions, and wealth management services.