Corebridge Financial, Inc. (NYSE:CRBG) Plans Quarterly Dividend of $0.25

Corebridge Financial, Inc. (NYSE:CRBG) declared a quarterly dividend on Monday, May 4th. Stockholders of record on Tuesday, June 16th will be paid a dividend of 0.25 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, June 16th.

Corebridge Financial has a dividend payout ratio of 17.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Corebridge Financial to earn $5.92 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 16.9%.

Corebridge Financial Stock Performance

Shares of CRBG stock opened at $27.01 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.12 and a current ratio of 0.12. Corebridge Financial has a one year low of $22.19 and a one year high of $36.57. The company’s 50-day simple moving average is $25.28 and its 200-day simple moving average is $28.68. The stock has a market capitalization of $13.01 billion, a price-to-earnings ratio of -50.95, a PEG ratio of 0.39 and a beta of 1.18.

Corebridge Financial (NYSE:CRBG) last issued its quarterly earnings results on Monday, May 4th. The company reported $1.05 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.02). Corebridge Financial had a positive return on equity of 18.92% and a negative net margin of 1.73%.The company had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $5.06 billion. During the same period in the previous year, the business posted $1.16 EPS. Equities analysts anticipate that Corebridge Financial will post 4.91 earnings per share for the current fiscal year.

About Corebridge Financial

Corebridge Financial (NYSE: CRBG) is a publicly traded provider of retirement, life insurance and asset management solutions. Formed from the separation of American International Group’s life and retirement operations, Corebridge focuses on helping individuals, employers and institutions manage retirement income, protect against longevity and mortality risks, and invest long-term savings. The company operates under a unified brand that brings together insurance products and investment capabilities to deliver integrated financial solutions.

Corebridge’s product suite includes retirement income and annuity products, individual and group life insurance, asset management and investment advisory services, and employer-sponsored retirement plan offerings.