Prudential (LON:PRU) announced a dividend on Wednesday, March 14th, Upcoming.Co.Uk reports. Investors of record on Thursday, March 29th will be paid a dividend of GBX 32.50 ($0.45) per share by the financial services provider on Friday, May 18th. This represents a dividend yield of 1.7%. The ex-dividend date is Thursday, March 29th. This is an increase from Prudential’s previous dividend of $14.50. The official announcement can be viewed at this link.
Shares of PRU stock opened at GBX 1,826 ($25.23) on Friday. The stock has a market capitalization of $49,510.00 and a PE ratio of 1,963.44. Prudential has a 52-week low of GBX 1,612.14 ($22.27) and a 52-week high of GBX 1,992.50 ($27.53).
Prudential (LON:PRU) last issued its quarterly earnings data on Wednesday, March 14th. The financial services provider reported GBX 145.20 ($2.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of GBX 139 ($1.92) by GBX 6.20 ($0.09). The firm had revenue of GBX 4,400.50 billion during the quarter. Prudential had a return on equity of 19.94% and a net margin of 3.50%.
PRU has been the subject of a number of recent analyst reports. Barclays cut their price objective on Prudential from GBX 2,169 ($29.97) to GBX 2,161 ($29.86) and set an “overweight” rating for the company in a research report on Monday, December 11th. Cfra set a GBX 2,100 ($29.01) price objective on Prudential and gave the stock a “buy” rating in a research report on Wednesday, March 14th. JPMorgan Chase & Co. set a GBX 1,800 ($24.87) price objective on Prudential and gave the stock a “neutral” rating in a research report on Thursday, January 11th. Credit Suisse Group reissued an “outperform” rating and set a GBX 2,235 ($30.88) price objective on shares of Prudential in a research report on Monday, February 26th. Finally, Morgan Stanley reissued an “overweight” rating and set a GBX 2,481 ($34.28) price objective on shares of Prudential in a research report on Thursday, February 1st. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 2,122.16 ($29.32).
Prudential Company Profile
Prudential Public Limited Company is an international financial services company. The Company offers a range of retail financial products and services and asset management services throughout these territories. The Company operates through Insurance operations and Asset management operations. The retail financial products and services include life insurance, pensions and annuities as well as collective investment schemes.
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