Prudential plc (NYSE:PUK) Announces Dividend of $0.14

Prudential plc (NYSE:PUK) announced a dividend on Wednesday, August 28th, NASDAQ reports. Shareholders of record on Friday, September 6th will be given a dividend of 0.1368 per share by the financial services provider on Wednesday, October 23rd. The ex-dividend date of this dividend is Friday, September 6th.

Prudential has decreased its dividend payment by an average of 14.9% annually over the last three years. Prudential has a dividend payout ratio of 26.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Prudential to earn $2.10 per share next year, which means the company should continue to be able to cover its $0.57 annual dividend with an expected future payout ratio of 27.1%.

Prudential Trading Down 0.9 %

Shares of Prudential stock traded down $0.15 on Thursday, reaching $17.27. 644,706 shares of the company’s stock were exchanged, compared to its average volume of 828,145. Prudential has a 52 week low of $15.96 and a 52 week high of $26.18. The firm’s 50-day moving average is $17.84 and its two-hundred day moving average is $18.86. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.03 and a quick ratio of 0.03.

Analysts Set New Price Targets

A number of research firms have issued reports on PUK. StockNews.com upgraded Prudential from a “sell” rating to a “hold” rating in a report on Wednesday. BNP Paribas upgraded Prudential from a “neutral” rating to an “outperform” rating in a report on Wednesday, June 26th. Finally, Deutsche Bank Aktiengesellschaft cut Prudential from a “buy” rating to a “hold” rating in a report on Monday, August 5th.

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.