Prudential plc Plans Dividend of $0.07 (LON:PRU)

Prudential plc (LON:PRU) announced a dividend on Wednesday, August 28th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, September 5th will be given a dividend of $0.07 per share by the financial services provider on Wednesday, October 23rd. This represents a dividend yield of 0.78%. The ex-dividend date is Thursday, September 5th. The official announcement can be viewed at this link.

Prudential Stock Down 2.1 %

PRU opened at GBX 631.80 ($8.31) on Wednesday. The firm’s 50-day simple moving average is GBX 683.79 and its 200-day simple moving average is GBX 731.71. The company has a debt-to-equity ratio of 31.08, a quick ratio of 0.67 and a current ratio of 2.02. Prudential has a twelve month low of GBX 613.60 ($8.07) and a twelve month high of GBX 965.40 ($12.69). The firm has a market cap of £17.25 billion, a price-to-earnings ratio of 2,638.70, a PEG ratio of 0.67 and a beta of 1.25.

Insiders Place Their Bets

In related news, insider Amy Yip acquired 4,222 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The shares were purchased at an average price of GBX 710 ($9.34) per share, with a total value of £29,976.20 ($39,416.44). In other Prudential news, insider George David Sartorel bought 8,000 shares of Prudential stock in a transaction dated Thursday, July 4th. The shares were bought at an average price of GBX 725 ($9.53) per share, with a total value of £58,000 ($76,265.61). Also, insider Amy Yip bought 4,222 shares of Prudential stock in a transaction dated Tuesday, July 2nd. The stock was acquired at an average cost of GBX 710 ($9.34) per share, for a total transaction of £29,976.20 ($39,416.44). Insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on PRU shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 1,290 ($16.96) target price on shares of Prudential in a report on Tuesday, June 25th. JPMorgan Chase & Co. decreased their price objective on shares of Prudential from GBX 1,330 ($17.49) to GBX 1,150 ($15.12) and set an “overweight” rating on the stock in a report on Monday.

About Prudential

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.