Principal Financial Group, Inc. (NYSE:PFG) Raises Dividend to $0.80 Per Share

Principal Financial Group, Inc. (NYSE:PFG) announced a quarterly dividend on Monday, February 9th. Investors of record on Wednesday, March 11th will be paid a dividend of 0.80 per share on Friday, March 27th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Wednesday, March 11th. This is a 1.3% increase from Principal Financial Group’s previous quarterly dividend of $0.79.

Principal Financial Group has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Principal Financial Group has a payout ratio of 35.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Principal Financial Group to earn $9.30 per share next year, which means the company should continue to be able to cover its $3.16 annual dividend with an expected future payout ratio of 34.0%.

Principal Financial Group Trading Down 2.9%

NYSE PFG opened at $93.11 on Tuesday. The firm’s 50-day moving average is $90.62 and its two-hundred day moving average is $84.38. Principal Financial Group has a 12 month low of $68.39 and a 12 month high of $97.88. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.29 and a quick ratio of 0.30. The stock has a market capitalization of $20.74 billion, a P/E ratio of 13.96, a PEG ratio of 0.76 and a beta of 0.89.

Principal Financial Group (NYSE:PFG) last announced its quarterly earnings results on Monday, February 9th. The company reported $2.19 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.03). Principal Financial Group had a net margin of 9.74% and a return on equity of 14.68%. During the same quarter last year, the firm earned $1.94 EPS. Principal Financial Group has set its FY 2026 guidance at 9.010-9.260 EPS. On average, sell-side analysts anticipate that Principal Financial Group will post 8.5 earnings per share for the current year.

About Principal Financial Group

Principal Financial Group, commonly known as Principal, is a global financial services company headquartered in Des Moines, Iowa. The firm provides a broad range of retirement, investment management and insurance solutions for individual, employer and institutional clients. Its core businesses include retirement plan services and recordkeeping, asset management, and life and disability insurance, supported by distribution through employers, financial advisors and direct channels.

On the retirement side, Principal offers 401(k) and other workplace retirement plans, individual retirement accounts and annuity products designed to help clients accumulate and manage retirement savings.