Prudential Financial, Inc. (NYSE:PRU) Announces Quarterly Dividend of $1.40

Prudential Financial, Inc. (NYSE:PRU) declared a quarterly dividend on Tuesday, November 10th. Shareholders of record on Tuesday, November 24th will be paid a dividend of $1.40 per share by the financial services provider on Thursday, December 10th. This represents a $5.60 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Tuesday, November 24th.

Prudential Financial has a dividend payout ratio of 38.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Prudential Financial to earn $13.67 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 41.0%.

Prudential Financial Stock Performance

Shares of NYSE PRU traded down $1.00 during midday trading on Wednesday, reaching $122.30. 82,589 shares of the stock were exchanged, compared to its average volume of 2,009,833. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.66. The firm has a market cap of $41.95 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 1.93 and a beta of 0.85. The firm has a 50-day simple moving average of $117.14 and a two-hundred day simple moving average of $109.10. Prudential Financial has a twelve month low of $91.89 and a twelve month high of $128.78.

Prudential Financial (NYSE:PRU) last posted its earnings results on Tuesday, November 3rd. The financial services provider reported $3.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.33 by $0.44. Prudential Financial had a net margin of 6.75% and a return on equity of 16.38%. The firm had revenue of $14.45 billion during the quarter, compared to analysts’ expectations of $14.66 billion. During the same period in the previous year, the business posted $4.26 EPS. As a group, analysts anticipate that Prudential Financial will post 13.60 EPS for the current fiscal year.

Prudential Financial Company Profile

Prudential Financial, Inc. is a financial services company headquartered in Newark, New Jersey. Founded in 1875 as the Prudential Friendly Society, it has grown into a provider of insurance, retirement and investment services. The company offers life insurance, annuities, workplace benefits and retirement-related products and services. Through its asset management businesses, Prudential also serves individual and institutional investors. Prudential serves customers in the United States and operates internationally, with a significant presence in Japan and other markets.