Prudential plc (LON:PRU) Increases Dividend to $0.16 Per Share

Prudential plc (LON:PRU) declared a dividend on Thursday, March 20th, DividendData.Co.Uk reports. Shareholders of record on Thursday, March 27th will be given a dividend of $0.16 per share by the financial services provider on Wednesday, May 14th. This represents a yield of 1.58%. The ex-dividend date of this dividend is Thursday, March 27th. This is a 138.2% increase from Prudential’s previous dividend of $0.07. The official announcement can be seen at this link.

Prudential Stock Up 0.2 %

PRU opened at GBX 798.20 ($10.31) on Friday. The firm has a market cap of £26.26 billion, a price-to-earnings ratio of 39.87, a PEG ratio of 0.40 and a beta of 1.20. The company has a debt-to-equity ratio of 24.44, a quick ratio of 0.67 and a current ratio of 1.86. The firm’s 50-day simple moving average is GBX 702.54 and its 200-day simple moving average is GBX 667.09. Prudential has a twelve month low of GBX 594.80 ($7.68) and a twelve month high of GBX 850.68 ($10.98).

Analyst Upgrades and Downgrades

PRU has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 950 ($12.27) target price on shares of Prudential in a research note on Thursday. Bank of America restated a “buy” rating and issued a GBX 1,000 ($12.91) target price on shares of Prudential in a research note on Thursday. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 1,188 ($15.34).

About Prudential

Prudential plc provides life and health insurance and asset management in 24 markets across Asia and Africa. Prudential’s mission is to be the most trusted partner and protector for this generation and generations to come, by providing simple and accessible financial and health solutions. The business has dual primary listings on the Stock Exchange of Hong Kong (2378) and the London Stock Exchange (PRU).