Prudential plc (NYSE:PUK - Get Free Report) announced a dividend on Thursday, March 20th, NASDAQ Dividends reports. Investors of record on Friday, March 28th will be given 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 dividend payout ratio of 27.8% indicating that 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 PUK traded up $0.19 during mid-day trading on Tuesday, reaching $21.44. 863,412 shares of the stock traded hands, compared to its average volume of 1,018,487. The company has a market cap of $28.21 billion, a price-to-earnings ratio of 9.24, a price-to-earnings-growth 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 $21.26. The firm has a fifty day moving average price of $17.86 and a 200 day moving average price of $17.08.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Prudential from a "sell" rating to a "hold" rating in a research report on Saturday.
Check Out Our Latest Research Report on PUK
About Prudential
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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.
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