Primerica, Inc. (PRI) to Issue Quarterly Dividend of $1.04 on December 15th

Primerica, Inc. (NYSE:PRI) declared a quarterly dividend on Wednesday, November 5th. Shareholders of record on Friday, November 21st will be given a dividend of 1.04 per share by the financial services provider on Monday, December 15th. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, November 21st.

Primerica has raised its dividend by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 2 years. Primerica has a payout ratio of 18.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Primerica to earn $22.65 per share next year, which means the company should continue to be able to cover its $4.16 annual dividend with an expected future payout ratio of 18.4%.

Primerica Stock Performance

NYSE:PRI opened at $258.37 on Wednesday. Primerica has a fifty-two week low of $230.98 and a fifty-two week high of $307.91. The company has a 50 day moving average price of $266.65 and a 200 day moving average price of $267.06. The stock has a market capitalization of $8.25 billion, a P/E ratio of 11.87 and a beta of 0.96.

Primerica (NYSE:PRI) last released its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $6.33 EPS for the quarter, topping analysts’ consensus estimates of $5.52 by $0.81. Primerica had a return on equity of 31.75% and a net margin of 22.36%.The company had revenue of $838.88 million for the quarter, compared to analysts’ expectations of $817.81 million. During the same period in the prior year, the firm earned $4.83 earnings per share. The firm’s revenue was up 8.5% compared to the same quarter last year. Research analysts forecast that Primerica will post 20.6 earnings per share for the current fiscal year.

About Primerica

Primerica, Inc, together with its subsidiaries, provides financial products and services to middle-income households in the United States and Canada. The company operates in four segments: Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products.