Prudential Financial Inc (PRU) Declares Quarterly Dividend of $0.53
Prudential Financial (NYSE:PRU) declared a quarterly dividend on Tuesday, August 12th, American Banking News.com reports. Shareholders of record on Tuesday, August 26th will be given a dividend of 0.53 per share on Thursday, September 18th. This represents a $2.12 dividend on an annualized basis and a yield of 2.43%.
A number of analysts have recently weighed in on PRU shares. Analysts at Raymond James cut their price target on shares of Prudential Financial from $116.00 to $111.00 in a research note on Friday. On the ratings front, analysts at Scotia Bank reiterated a “sector perform” rating on shares of Prudential Financial in a research note on Friday. They now have a $97.00 price target on the stock, up previously from $95.00. Finally, analysts at RBC Capital raised their price target on shares of Prudential Financial from $100.00 to $107.00 in a research note on Thursday, August 7th. They now have an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $100.83.
Prudential Financial (NYSE:PRU) traded up 0.30% during mid-day trading on Tuesday, hitting $87.45. 1,490,214 shares of the company’s stock traded hands. Prudential Financial has a one year low of $74.10 and a one year high of $92.68. The stock has a 50-day moving average of $89.03 and a 200-day moving average of $85.34. The company has a market cap of $40.227 billion and a P/E ratio of 14.07.
Prudential Financial (NYSE:PRU) last released its earnings data on Wednesday, August 6th. The company reported $2.49 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.35 by $0.14. The company had revenue of $11.11 billion for the quarter, compared to the consensus estimate of $11.12 million. During the same quarter last year, the company posted $2.30 earnings per share. Prudential Financial’s revenue was down 5.2% compared to the same quarter last year. On average, analysts predict that Prudential Financial will post $9.67 earnings per share for the current fiscal year.
Prudential Financial, Inc (NYSE:PRU) is a financial services company.
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