Prudential Public Limited Company Declares Semiannual Dividend of $0.38 (PUK)
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.
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