Principal Financial Q2 Profit Climbs 38%; Boosts Dividend

By RTT News, 
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(RTTNews.com) - Principal Financial Group, Inc. ( PFG ) reported net income for second quarter of $306.3 million or $1.03 per share, compared to $222.3 million or $0.75 per share for the year-ago quarter.

Excluding items, operating earnings for the second quarter increased 19% to $323.1 million or $1.08 per share from $271.4 million or $0.91 per share in the prior year quarter.

Operating revenues for second quarter rose 10% to $2.54 billion from $2.31 billion a year ago.

Analysts polled by Thomson Reuters expected the company to earn $1.01 per share on revenue of $2.51 billion for the second quarter. Analysts' estimates typically exclude special items.

Te company declared a third quarter dividend of $0.34 per share, a 6% increase over the second quarter dividend. The dividend will be payable on Sept. 26, 2014 to shareholders of record as of Sept. 8, 2014.

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This article appears in: Earnings

Referenced Stocks: PFG , TRI

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