Prudential plc (NYSE:PUK) Announces Dividend Increase – $0.33 Per Share

Prudential plc (NYSE:PUK) declared a dividend on Thursday, March 20th, NASDAQ Dividends reports. Investors of record on Friday, March 28th will be paid a dividend of 0.3258 per share by the financial services provider on Wednesday, May 14th. The ex-dividend date is Friday, March 28th. This is a 37.4% increase from Prudential’s previous dividend of $0.24.

Prudential has raised its dividend by an average of 9.4% per year over the last three years. Prudential has a payout ratio of 27.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Prudential to earn $2.00 per share next year, which means the company should continue to be able to cover its $0.65 annual dividend with an expected future payout ratio of 32.5%.

Prudential Trading Up 0.9 %

Shares of NYSE:PUK opened at $21.44 on Wednesday. The firm has a market cap of $28.21 billion, a price-to-earnings ratio of 9.24, a P/E/G ratio of 0.41 and a beta of 1.21. Prudential has a 1 year low of $14.39 and a 1 year high of $21.53. The business has a fifty day simple moving average of $18.00 and a 200 day simple moving average of $17.12.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Prudential from a “sell” rating to a “hold” rating in a research report on Saturday.

Prudential Company Profile

Prudential plc, through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa. The company was founded in 1848 and is headquartered in Central, Hong Kong.