Prudential plc (NYSE:PUK) Announces Dividend of $0.33

Prudential plc (NYSE:PUK) declared a dividend on Thursday, March 20th, NASDAQ Dividends reports. Shareholders of record on Friday, March 28th will be given a dividend of 0.3258 per share by the financial services provider on Wednesday, May 14th. The ex-dividend date of this dividend is Friday, March 28th. This is a 37.4% increase from Prudential’s previous dividend of $0.24.

Prudential has raised its dividend by an average of 9.4% per year over the last three years. Prudential has a dividend payout ratio of 11.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Prudential to earn $2.00 per share next year, which means the company should continue to be able to cover its $0.27 annual dividend with an expected future payout ratio of 13.5%.

Prudential Stock Down 0.2 %

Shares of NYSE PUK traded down $0.04 on Friday, hitting $20.68. The company had a trading volume of 1,204,017 shares, compared to its average volume of 1,018,251. Prudential has a 12-month low of $14.39 and a 12-month high of $21.10. The firm has a market capitalization of $27.20 billion, a P/E ratio of 8.91, a PEG ratio of 0.41 and a beta of 1.21. The business has a 50 day moving average of $17.61 and a two-hundred day moving average of $17.02.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Prudential from a “hold” rating to a “sell” rating in a research report on Friday, March 14th.

Prudential Company Profile

Prudential plc, through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa. The company was founded in 1848 and is headquartered in Central, Hong Kong.