Corebridge Financial, Inc. (CRBG) to Issue Quarterly Dividend of $0.25 on June 30th

Corebridge Financial, Inc. (NYSE:CRBG) announced a quarterly dividend on Monday, May 4th. Investors of record on Tuesday, June 16th will be paid a dividend of 0.25 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date is Tuesday, June 16th.

Corebridge Financial has a dividend payout ratio of 17.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Corebridge Financial to earn $5.92 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 16.9%.

Corebridge Financial Price Performance

Shares of CRBG opened at $28.45 on Wednesday. Corebridge Financial has a 1-year low of $22.19 and a 1-year high of $36.57. The stock has a market cap of $13.71 billion, a PE ratio of 51.74, a price-to-earnings-growth ratio of 0.38 and a beta of 1.18. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.12 and a quick ratio of 0.12. The firm has a fifty day moving average price of $25.25 and a 200 day moving average price of $28.65.

Corebridge Financial (NYSE:CRBG) last released its quarterly earnings data on Monday, May 4th. The company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.02). The company had revenue of $4.09 billion during the quarter, compared to analyst estimates of $5.06 billion. Corebridge Financial had a net margin of 1.20% and a return on equity of 17.56%. During the same quarter in the prior year, the company earned $1.16 EPS. As a group, sell-side analysts anticipate that Corebridge Financial will post 4.91 EPS for the current year.

Corebridge Financial Company Profile

Corebridge Financial (NYSE: CRBG) is a publicly traded provider of retirement, life insurance and asset management solutions. Formed from the separation of American International Group’s life and retirement operations, Corebridge focuses on helping individuals, employers and institutions manage retirement income, protect against longevity and mortality risks, and invest long-term savings. The company operates under a unified brand that brings together insurance products and investment capabilities to deliver integrated financial solutions.

Corebridge’s product suite includes retirement income and annuity products, individual and group life insurance, asset management and investment advisory services, and employer-sponsored retirement plan offerings.