Primerica, Inc. (PRI) to Distribute Quarterly Dividend of $1.20 on December 14th

Primerica, Inc. (NYSE:PRI) declared a quarterly dividend on Wednesday, November 4th. Investors of record on Friday, November 20th will be paid a dividend of $1.20 per share by the financial services provider on Monday, December 14th. This represents a $4.80 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, November 20th.

Primerica has raised its dividend payment by an average of 0.2% per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Primerica has a payout ratio of 21.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Primerica to earn $27.22 per share next year, which means the company should continue to be able to cover its $4.80 annual dividend with an expected future payout ratio of 17.6%.

Primerica Stock Up 1.3%

NYSE:PRI opened at $288.25 on Friday. The stock has a market cap of $8.87 billion, a PE ratio of 11.26 and a beta of 0.86. Primerica has a fifty-two week low of $230.09 and a fifty-two week high of $327.28. The firm’s fifty day simple moving average is $283.00 and its 200-day simple moving average is $278.88.

Primerica (NYSE:PRI) last issued its earnings results on Wednesday, November 4th. The financial services provider reported $6.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.40 by $0.37. The company had revenue of $901.82 million during the quarter, compared to analysts’ expectations of $901.00 million. Primerica had a net margin of 22.86% and a return on equity of 31.92%. During the same period last year, the company posted $6.33 earnings per share. Equities analysts anticipate that Primerica will post 25.22 earnings per share for the current year.

Primerica Company Profile

Primerica, Inc is a financial services company that focuses on serving middle-income households in the United States and Canada, as well as families in Puerto Rico. The company distributes its products and services through a network of independent representatives who provide financial education and help clients address protection, savings and investment needs.

Primerica’s principal offerings include term life insurance, investment and savings products, retirement planning solutions, and strategies for managing debt.