By the end of today, September 14, 2023, Prudential Financial PRU is set to deliver a dividend payout of $1.25 per share, equating to an annualized dividend yield of 5.10%. Shareholders who owned the stock prior to the ex-dividend date on August 21, 2023 will receive this payout.
Prudential Financial Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-08-21 | 4 | $1.25 | 5.1% | 2023-08-08 | 2023-08-22 | 2023-09-14 |
| 2023-05-22 | 4 | $1.25 | 6.06% | 2023-05-09 | 2023-05-23 | 2023-06-15 |
| 2023-02-17 | 4 | $1.25 | 4.9% | 2023-02-07 | 2023-02-21 | 2023-03-16 |
| 2022-11-21 | 4 | $1.2 | 4.65% | 2022-11-08 | 2022-11-22 | 2022-12-15 |
| 2022-08-22 | 4 | $1.2 | 4.93% | 2022-08-09 | 2022-08-23 | 2022-09-15 |
| 2022-05-23 | 4 | $1.2 | 4.57% | 2022-05-10 | 2022-05-24 | 2022-06-16 |
| 2022-02-14 | 4 | $1.2 | 4.18% | 2022-02-03 | 2022-02-15 | 2022-03-11 |
| 2021-11-22 | 4 | $1.15 | 4.14% | 2021-11-09 | 2021-11-23 | 2021-12-16 |
| 2021-08-23 | 4 | $1.15 | 4.39% | 2021-08-10 | 2021-08-24 | 2021-09-16 |
| 2021-05-24 | 4 | $1.15 | 4.31% | 2021-05-11 | 2021-05-25 | 2021-06-17 |
| 2021-02-12 | 4 | $1.15 | 5.68% | 2021-02-04 | 2021-02-16 | 2021-03-11 |
| 2020-11-23 | 4 | $1.1 | 6.92% | 2020-11-09 | 2020-11-24 | 2020-12-17 |
When comparing Prudential Financial's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Lincoln National LNC having the highest annualized dividend yield at 7.30%.
Analyzing Prudential Financial Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
The company demonstrated a positive dividend growth pattern from 2019 to 2022, with the dividend per share rising from $4.00 to $4.80. This signifies the company's commitment to consistently increasing shareholder dividends.
YoY Earnings Growth For Prudential Financial
The earnings chart above reveals a decrease in Prudential Financial's earnings per share, declining from $11.80 in 2019 to $10.22 in 2022. This could raise concerns for income-seeking investors, as it suggests a decline in the company's profitability. It is crucial to closely monitor the situation and assess the factors contributing to this decrease, as it may have implications for future cash dividend payouts.
Recap
In this article, we delve into Prudential Financial's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $1.25 per share today, resulting in an annualized dividend yield of 5.10%.
When comparing Prudential Financial's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Lincoln National having the highest annualized dividend yield at 7.30%.
The increase in dividend per share from 2019 to 2022 combined with a decrease in earnings per share for Prudential Financial suggests a strategic decision to prioritize shareholder returns over earnings growth.
It is advisable for investors to monitor the company's performance in the coming quarters to stay in the loop about any adjustments in financials or dividend disbursements.
\To stay up-to-date with the companies that are announcing their dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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