Equitable Holdings, Inc. (NYSE:EQH) Announces Quarterly Dividend of $0.30

Equitable Holdings, Inc. (NYSE:EQH) declared a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Monday, August 3rd will be paid a dividend of 0.30 per share on Monday, August 10th. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Monday, August 3rd.

Equitable has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Equitable has a payout ratio of 14.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Equitable to earn $8.77 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 13.7%.

Equitable Trading Up 0.8%

Shares of NYSE:EQH opened at $48.83 on Thursday. Equitable has a 1 year low of $35.19 and a 1 year high of $55.24. The firm has a market capitalization of $13.33 billion, a price-to-earnings ratio of -17.19, a price-to-earnings-growth ratio of 0.48 and a beta of 1.10. The company has a debt-to-equity ratio of 8.75, a current ratio of 0.11 and a quick ratio of 0.11. The business’s 50 day moving average price is $44.29 and its 200-day moving average price is $42.93.

Equitable (NYSE:EQH) last released its quarterly earnings results on Monday, May 4th. The company reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.02. The firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $3.95 billion. Equitable had a negative net margin of 7.26% and a positive return on equity of 232.29%. The firm’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.35 EPS. On average, equities research analysts forecast that Equitable will post 7.13 earnings per share for the current fiscal year.

About Equitable

Equitable Holdings, Inc (NYSE: EQH) is a leading provider of life insurance, annuities and retirement plan services in the United States. Through its insurance subsidiary, AXA Equitable Life Insurance Company, the firm offers a broad range of permanent and term life insurance products designed to help individuals and families manage risk and build wealth. In addition, Equitable provides fixed, variable and indexed annuity solutions to support income planning in retirement, as well as a suite of group retirement and pension plan services for employers and plan sponsors.

The company also maintains an asset management arm that delivers investment strategies across equities, fixed income and alternative asset classes for both retail and institutional clients.