Prudential plc (PUK) To Go Ex-Dividend on March 28th

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 of this dividend 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% annually over the last three years. Prudential has a dividend payout ratio of 11.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Prudential to earn $2.00 per share next year, which means the company should continue to be able to cover its $0.27 annual dividend with an expected future payout ratio of 13.5%.

Prudential Stock Down 0.2 %

NYSE PUK opened at $20.68 on Friday. Prudential has a fifty-two week low of $14.39 and a fifty-two week high of $21.10. The business has a fifty day moving average of $17.73 and a 200-day moving average of $17.05. The stock has a market cap of $27.20 billion, a price-to-earnings ratio of 8.91, a price-to-earnings-growth ratio of 0.41 and a beta of 1.21.

Analyst Ratings Changes

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