Prudential Public Limited Company (NYSE:PUK) announced a semiannual dividend on Friday, August 11th, Wall Street Journal reports. Stockholders of record on Friday, August 25th will be given a dividend of 0.3765 per share by the financial services provider on Thursday, October 5th. This represents a dividend yield of 1.62%. The ex-dividend date of this dividend is Wednesday, August 23rd.

Prudential Public Limited has raised its dividend payment by an average of 14.1% per year over the last three years and has increased its dividend every year for the last 4 years. Prudential Public Limited has a dividend payout ratio of 43.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Prudential Public Limited to earn $3.73 per share next year, which means the company should continue to be able to cover its $1.59 annual dividend with an expected future payout ratio of 42.6%.

Prudential Public Limited (NYSE:PUK) traded down 1.59% during midday trading on Friday, hitting $46.42. 227,458 shares of the stock traded hands. Prudential Public Limited has a one year low of $32.52 and a one year high of $49.67. The stock has a market cap of $59.66 billion, a price-to-earnings ratio of 23.44 and a beta of 1.59. The company has a 50-day moving average price of $47.03 and a 200 day moving average price of $43.81.

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A number of analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Prudential Public Limited from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research note on Tuesday, June 6th. BidaskClub upgraded shares of Prudential Public Limited from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Prudential Public Limited in a research note on Thursday, April 20th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $52.00.

Prudential Public Limited Company Profile

Prudential Public Limited Company (Prudential) is a United Kingdom-based 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.

Dividend History for Prudential Public Limited (NYSE:PUK)

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