Prudential Financial Inc (PRU) To Go Ex-Dividend on February 19th

Share on StockTwits

Prudential Financial Inc (NYSE:PRU) announced a quarterly dividend on Wednesday, February 6th, NASDAQ reports. Shareholders of record on Wednesday, February 20th will be given a dividend of 1.00 per share by the financial services provider on Thursday, March 14th. This represents a $4.00 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend is Tuesday, February 19th. This is a boost from Prudential Financial’s previous quarterly dividend of $0.90.

Prudential Financial has increased its dividend payment by an average of 13.8% per year over the last three years and has increased its dividend annually for the last 10 consecutive years. Prudential Financial has a payout ratio of 32.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Prudential Financial to earn $13.80 per share next year, which means the company should continue to be able to cover its $4.00 annual dividend with an expected future payout ratio of 29.0%.

Shares of NYSE PRU opened at $94.15 on Monday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.35. Prudential Financial has a 12 month low of $75.61 and a 12 month high of $111.18. The company has a market cap of $38.88 billion, a price-to-earnings ratio of 8.05, a price-to-earnings-growth ratio of 0.81 and a beta of 1.41.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings data on Wednesday, February 6th. The financial services provider reported $2.44 EPS for the quarter, missing the consensus estimate of $2.88 by ($0.44). Prudential Financial had a net margin of 7.01% and a return on equity of 10.20%. The business had revenue of $17.78 billion for the quarter, compared to analyst estimates of $14.03 billion. During the same quarter in the previous year, the firm posted $2.69 earnings per share. As a group, equities research analysts forecast that Prudential Financial will post 12.8 earnings per share for the current year.

PRU has been the subject of several analyst reports. Morgan Stanley decreased their target price on shares of Prudential Financial from $122.00 to $120.00 and set an “equal weight” rating for the company in a research note on Thursday, November 8th. ValuEngine lowered shares of Prudential Financial from a “sell” rating to a “strong sell” rating in a report on Friday, November 16th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $113.00 price target on shares of Prudential Financial in a report on Wednesday, January 9th. Zacks Investment Research lowered shares of Prudential Financial from a “hold” rating to a “sell” rating in a report on Monday, January 7th. Finally, Evercore ISI raised shares of Prudential Financial from an “in-line” rating to an “outperform” rating and set a $85.50 price target for the company in a report on Wednesday, January 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $114.19.

COPYRIGHT VIOLATION NOTICE: “Prudential Financial Inc (PRU) To Go Ex-Dividend on February 19th” was originally reported by Ticker Report and is owned by of Ticker Report. If you are viewing this piece on another site, it was copied illegally and republished in violation of United States and international trademark and copyright laws. The correct version of this piece can be viewed at https://www.tickerreport.com/banking-finance/4161357/prudential-financial-inc-pru-to-go-ex-dividend-on-february-19th.html.

Prudential Financial Company Profile

Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through U.S. Individual Solutions, U.S. Workplace Solutions, Investment Management, and International Insurance divisions.

Further Reading: How does a reverse stock split work?

Dividend History for Prudential Financial (NYSE:PRU)

Receive News & Ratings for Prudential Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential Financial and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Insider Selling: BioMarin Pharmaceutical Inc.  Insider Sells 9,597 Shares of Stock
Insider Selling: BioMarin Pharmaceutical Inc. Insider Sells 9,597 Shares of Stock
RubleBit  Price Tops $0.0057
RubleBit Price Tops $0.0057
ClubCoin  Price Tops $0.27 on Top Exchanges
ClubCoin Price Tops $0.27 on Top Exchanges
Fiat Chrysler Automobiles  Shares Gap Up to $14.53
Fiat Chrysler Automobiles Shares Gap Up to $14.53
Encore Capital Group  Trading Down 8.6%
Encore Capital Group Trading Down 8.6%
CarTaxi Token  Price Hits $0.0069 on Top Exchanges
CarTaxi Token Price Hits $0.0069 on Top Exchanges


© 2006-2019 Ticker Report