Prudential Financial, Inc. (PRU) To Go Ex-Dividend on August 25th

Prudential Financial, Inc. (NYSE:PRU) announced a quarterly dividend on Tuesday, August 11th. Investors of record on Tuesday, August 25th will be given a dividend of 1.40 per share by the financial services provider on Thursday, September 10th. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Tuesday, August 25th.

Prudential Financial has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 18 years. Prudential Financial has a dividend payout ratio of 38.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Prudential Financial to earn $14.79 per share next year, which means the company should continue to be able to cover its $5.60 annual dividend with an expected future payout ratio of 37.9%.

Prudential Financial Stock Performance

NYSE:PRU opened at $121.21 on Friday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.62. The company has a market cap of $41.82 billion, a P/E ratio of 10.98, a P/E/G ratio of 2.29 and a beta of 0.84. Prudential Financial has a fifty-two week low of $91.89 and a fifty-two week high of $127.72. The firm’s 50 day moving average is $116.66 and its two-hundred day moving average is $105.71.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $4.08 earnings per share for the quarter, beating analysts’ consensus estimates of $3.52 by $0.56. The company had revenue of $14.15 billion for the quarter, compared to analyst estimates of $14.36 billion. Prudential Financial had a net margin of 6.51% and a return on equity of 16.68%. During the same quarter last year, the business earned $3.58 EPS. Analysts expect that Prudential Financial will post 14.24 EPS for the current year.

About Prudential Financial

Prudential Financial, Inc, headquartered in Newark, New Jersey, is a diversified financial services company with roots dating to 1875. The firm provides a range of insurance, retirement and investment products aimed at helping individual and institutional clients manage risk, accumulate and protect wealth, and plan for retirement. Prudential’s long history in life insurance and related financial services has positioned it as a major participant in the U.S. insurance market and a provider of services to a broad client base.

Prudential’s core business activities include individual life insurance, annuities, retirement solutions and group insurance products for employers.