Jackson Financial Inc. (NYSE:JXN) Plans $0.90 Quarterly Dividend

Jackson Financial Inc. (NYSE:JXN) announced a quarterly dividend on Monday, August 3rd. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.90 per share on Thursday, September 24th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

Jackson Financial has a dividend payout ratio of 17.0% meaning its dividend is sufficiently covered by earnings.

Jackson Financial Stock Performance

Shares of JXN stock opened at $125.90 on Tuesday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average is $111.97 and its two-hundred day moving average is $111.08. The company has a market capitalization of $8.78 billion, a P/E ratio of -20.61 and a beta of 1.30. Jackson Financial has a 12-month low of $83.67 and a 12-month high of $126.69.

Jackson Financial (NYSE:JXN) last announced its earnings results on Monday, August 3rd. The company reported $7.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.72 by $1.58. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.91 billion.

About Jackson Financial

Jackson Financial Inc is a U.S.-based financial services holding company headquartered in Lansing, Michigan. The company operates primarily through its principal subsidiary, Jackson National Life Insurance Company, and specializes in designing and distributing retirement products. Jackson Financial has been publicly traded on the New York Stock Exchange under the ticker JXN since its initial public offering in May 2022.

The company’s core offerings include a broad range of fixed, variable and indexed annuity products aimed at helping individuals preserve and grow retirement assets.