Principal Financial Group, Inc. (PFG) To Go Ex-Dividend on September 3rd

Principal Financial Group, Inc. (NASDAQ:PFG) declared a quarterly dividend on Friday, July 24th. Stockholders of record on Thursday, September 3rd will be paid a dividend of 0.84 per share on Friday, September 25th. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Thursday, September 3rd. This is a 2.4% increase from Principal Financial Group’s previous quarterly dividend of $0.82.

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 every year for the last 2 years. Principal Financial Group has a payout ratio of 37.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Principal Financial Group to earn $10.41 per share next year, which means the company should continue to be able to cover its $3.36 annual dividend with an expected future payout ratio of 32.3%.

Principal Financial Group Stock Down 1.1%

NASDAQ:PFG opened at $110.16 on Tuesday. The firm has a market cap of $23.59 billion, a P/E ratio of 15.65, a P/E/G ratio of 1.01 and a beta of 0.87. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.28 and a current ratio of 0.28. Principal Financial Group has a fifty-two week low of $77.90 and a fifty-two week high of $116.61. The firm has a 50-day simple moving average of $111.81 and a two-hundred day simple moving average of $102.18.

Principal Financial Group (NASDAQ:PFG) last issued its earnings results on Monday, July 27th. The company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.33 by $0.17. The business had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.11 billion. Principal Financial Group had a net margin of 9.93% and a return on equity of 16.49%. During the same period in the previous year, the company earned $2.16 earnings per share. Analysts predict that Principal Financial Group will post 9.62 earnings per share for the current fiscal year.

Principal Financial Group Company Profile

Principal Financial Group (NASDAQ: PFG) is a global financial services company headquartered in Des Moines, Iowa, that provides a range of retirement, investment and insurance solutions to individuals, employers and institutional clients. The firm’s business is organized around retirement services, asset management, and insurance products designed to help clients plan, invest for, and protect income over the long term.

Principal’s product and service offerings include retirement plan recordkeeping and administration for employer-sponsored plans, individual and group retirement annuities, life and disability insurance, employee benefits solutions, and wealth management services.