Prudential Financial (PRU) Declares $1.25 Dividend

Prudential Financial said on February 7, 2023 that its board of directors declared a regular quarterly dividend of $1.25 per share ($5.00 annualized). Shareholders of record as of February 17, 2023 will receive the payment on March 16, 2023. Previously, the company paid $1.20 per share.

At the current share price of $104.34 / share, the stock's dividend yield is 4.79%. Looking back five years and taking a sample every week, the average dividend yield has been 4.78%, the lowest has been 3.27%, and the highest has been 11.22%. The standard deviation of yields is 1.22 (n=235).

The current dividend yield is 0.01 standard deviations above the historical average.

Additionally, the company's dividend payout ratio is -1.28. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company's 3-Year dividend growth rate is 0.14%, demonstrating that it has increased its dividend over time.

Analyst Price Forecast Suggests 0.09% Upside

As of February 9, 2023, the average one-year price target for Prudential Financial is $104.43. The forecasts range from a low of $85.85 to a high of $121.80. The average price target represents an increase of 0.09% from its latest reported closing price of $104.34.

The projected annual revenue for Prudential Financial is $53,170MM, a decrease of 3.83%. The projected annual EPS is $11.82, an increase of 1,411.61%.

What is the Fund Sentiment?

There are 1868 funds or institutions reporting positions in Prudential Financial. This is an increase of 3 owner(s) or 0.16% in the last quarter. Average portfolio weight of all funds dedicated to PRU is 0.23%, a decrease of 5.66%. Total shares owned by institutions decreased in the last three months by 2.05% to 225,133K shares. The put/call ratio of PRU is 1.05, indicating a bearish outlook.

What are large shareholders doing?

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 11,095K shares representing 3.01% ownership of the company. In it's prior filing, the firm reported owning 11,039K shares, representing an increase of 0.50%. The firm decreased its portfolio allocation in PRU by 6.07% over the last quarter.

VFINX - Vanguard 500 Index Fund Investor Shares holds 8,433K shares representing 2.29% ownership of the company. In it's prior filing, the firm reported owning 8,301K shares, representing an increase of 1.56%. The firm decreased its portfolio allocation in PRU by 5.82% over the last quarter.

Geode Capital Management holds 7,609K shares representing 2.07% ownership of the company. In it's prior filing, the firm reported owning 7,476K shares, representing an increase of 1.74%. The firm decreased its portfolio allocation in PRU by 5.39% over the last quarter.

Charles Schwab Investment Management holds 7,305K shares representing 1.98% ownership of the company. In it's prior filing, the firm reported owning 6,736K shares, representing an increase of 7.79%. The firm decreased its portfolio allocation in PRU by 13.30% over the last quarter.

SCHD - Schwab U.S. Dividend Equity ETF holds 5,545K shares representing 1.51% ownership of the company. In it's prior filing, the firm reported owning 4,934K shares, representing an increase of 11.01%. The firm increased its portfolio allocation in PRU by 4.66% over the last quarter.

Prudential Financial Background Information
(This description is provided by the company.)

Prudential Financial, Inc., a financial wellness leader and premier active global investment manager with more than $1.5 trillion in assets under management as of June 30, 2020, has operations in the United States, Asia, Europe, and Latin America. Prudential's diverse and talented employees help to make lives better by creating financial opportunity for more people. Prudential's iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century.

This story originally appeared on Fintel.