Prudential Public Limited (NYSE:PUK) declared a semiannual dividend on Friday, March 16th, Wall Street Journal reports. Stockholders of record on Tuesday, April 3rd will be given a dividend of 0.9068 per share by the financial services provider on Friday, May 25th. This represents a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, April 2nd. This is a positive change from Prudential Public’s previous semiannual dividend of $0.38.
Prudential Public has increased its dividend payment by an average of 0.5% per year over the last three years. Prudential Public has a dividend payout ratio of 20.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Prudential Public to earn $4.51 per share next year, which means the company should continue to be able to cover its $0.78 annual dividend with an expected future payout ratio of 17.3%.
Prudential Public (PUK) traded down $0.62 during trading on Friday, hitting $53.33. The stock had a trading volume of 279,796 shares, compared to its average volume of 193,142. Prudential Public has a one year low of $41.12 and a one year high of $55.36.
About Prudential Public
Prudential Public Limited Company is an international financial services company. The Company offers a range of retail financial products and services and asset management services throughout these territories. The Company operates through Insurance operations and Asset management operations. The retail financial products and services include life insurance, pensions and annuities as well as collective investment schemes.
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