Prudential Financial, Inc. (NYSE:PRU) to Issue Quarterly Dividend of $1.40

Prudential Financial, Inc. (NYSE:PRU) declared a quarterly dividend on Tuesday, May 12th. Shareholders of record on Tuesday, May 26th will be given a dividend of 1.40 per share by the financial services provider on Thursday, June 11th. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Tuesday, May 26th.

Prudential Financial has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 2 years. Prudential Financial has a payout ratio of 38.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Prudential Financial to earn $14.87 per share next year, which means the company should continue to be able to cover its $5.60 annual dividend with an expected future payout ratio of 37.7%.

Prudential Financial Stock Performance

NYSE PRU traded down $0.01 on Wednesday, hitting $102.57. The stock had a trading volume of 579,675 shares, compared to its average volume of 2,322,709. Prudential Financial has a one year low of $91.89 and a one year high of $119.76. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.58. The stock has a market cap of $35.59 billion, a price-to-earnings ratio of 10.55, a P/E/G ratio of 1.83 and a beta of 0.86. The company’s 50-day moving average is $96.93 and its two-hundred day moving average is $104.56.

Prudential Financial (NYSE:PRU) last posted its earnings results on Tuesday, May 5th. The financial services provider reported $3.61 EPS for the quarter, topping the consensus estimate of $3.09 by $0.52. Prudential Financial had a net margin of 5.83% and a return on equity of 16.33%. The firm had revenue of $15.23 billion during the quarter, compared to analysts’ expectations of $14.10 billion. During the same quarter in the prior year, the firm earned $3.29 EPS. On average, analysts expect that Prudential Financial will post 13.72 earnings per share for the current year.

Prudential Financial Company Profile

Prudential Financial, Inc, headquartered in Newark, New Jersey, is a diversified financial services company with roots dating to 1875. The firm provides a range of insurance, retirement and investment products aimed at helping individual and institutional clients manage risk, accumulate and protect wealth, and plan for retirement. Prudential’s long history in life insurance and related financial services has positioned it as a major participant in the U.S. insurance market and a provider of services to a broad client base.

Prudential’s core business activities include individual life insurance, annuities, retirement solutions and group insurance products for employers.