Corebridge Financial, Inc. (NYSE:CRBG) Announces Quarterly Dividend of $0.25

Corebridge Financial, Inc. (NYSE:CRBG) declared a quarterly dividend on Monday, February 9th. Investors of record on Tuesday, March 17th will be given a dividend of 0.25 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, March 17th. This is a 4.2% increase from Corebridge Financial’s previous quarterly dividend of $0.24.

Corebridge Financial has a dividend payout ratio of 16.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Corebridge Financial to earn $6.29 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 15.3%.

Corebridge Financial Price Performance

Shares of NYSE CRBG opened at $31.08 on Tuesday. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.77. Corebridge Financial has a fifty-two week low of $23.69 and a fifty-two week high of $36.57. The business has a 50 day moving average price of $30.58 and a two-hundred day moving average price of $31.76. The firm has a market cap of $16.18 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 0.44 and a beta of 1.04.

Corebridge Financial (NYSE:CRBG) last released its earnings results on Monday, February 9th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.11 by $0.11. The company had revenue of $6.34 billion during the quarter, compared to analysts’ expectations of $5.02 billion. Corebridge Financial had a return on equity of 19.90% and a net margin of 5.01%.During the same period in the prior year, the business posted $1.06 EPS. Sell-side analysts expect that Corebridge Financial will post 5.43 earnings per share for the current fiscal year.

Corebridge Financial Company Profile

Corebridge Financial (NYSE: CRBG) is a publicly traded provider of retirement, life insurance and asset management solutions. Formed from the separation of American International Group’s life and retirement operations, Corebridge focuses on helping individuals, employers and institutions manage retirement income, protect against longevity and mortality risks, and invest long-term savings. The company operates under a unified brand that brings together insurance products and investment capabilities to deliver integrated financial solutions.

Corebridge’s product suite includes retirement income and annuity products, individual and group life insurance, asset management and investment advisory services, and employer-sponsored retirement plan offerings.