Corebridge Financial, Inc. (NYSE:CRBG) Shareholders Set to Receive $0.25 Quarterly Dividend

Corebridge Financial, Inc. (NYSE:CRBG) announced a quarterly dividend on Monday, November 2nd. Investors of record on Thursday, December 17th will be given a dividend of $0.25 per share on Thursday, December 31st. This represents a $1.00 annualized dividend and a yield of 2.8%. The ex-dividend date is Thursday, December 17th.

Corebridge Financial has a dividend payout ratio of 17.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Corebridge Financial to earn $5.74 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 17.4%.

Corebridge Financial Trading Up 3.3%

Corebridge Financial stock traded up $1.15 during mid-day trading on Tuesday, reaching $36.19. 4,625,286 shares of the company traded hands, compared to its average volume of 4,977,707. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.12 and a quick ratio of 0.12. The firm’s 50 day moving average price is $34.19 and its 200 day moving average price is $29.87. The firm has a market capitalization of $16.13 billion, a price-to-earnings ratio of 21.10, a P/E/G ratio of 0.50 and a beta of 1.07. Corebridge Financial has a 52-week low of $22.19 and a 52-week high of $36.56.

Corebridge Financial (NYSE:CRBG) last posted its earnings results on Monday, November 2nd. The company reported $1.22 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.01). The company had revenue of $4.50 billion during the quarter, compared to analysts’ expectations of $5.36 billion. Corebridge Financial had a return on equity of 17.37% and a net margin of 4.37%. The company’s revenue for the quarter was down 20.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.96 earnings per share. On average, analysts anticipate that Corebridge Financial will post 4.59 earnings per share for the current fiscal year.

About Corebridge Financial

Corebridge Financial, Inc (NYSE: CRBG) is a provider of retirement solutions and insurance products in the United States. The company serves individuals, employers and institutions through offerings designed to support retirement savings, income planning and financial protection.

Its products and services include individual and group retirement plans, annuities, life insurance and institutional retirement solutions. Corebridge also provides investment and administrative services associated with retirement plans, helping employers and employees manage long-term savings and retirement income needs.

Corebridge was established through the separation of American International Group’s (AIG) Life and Retirement business and began operating as an independent publicly traded company in 2022.