Prudential plc (LON:PRU) Plans Dividend Increase – $0.16 Per Share

Prudential plc (LON:PRUGet Free Report) announced a dividend on Thursday, March 20th, DividendData.Co.Uk reports. Shareholders of record on Thursday, March 27th will be paid a dividend of $0.16 per share by the financial services provider on Wednesday, May 14th. This represents a yield of 1.58%. The ex-dividend date is Thursday, March 27th. This is a 138.2% increase from Prudential’s previous dividend of $0.07. The official announcement can be accessed at this link.

Prudential Trading Up 1.3 %

Shares of PRU stock opened at GBX 830.26 ($10.73) on Tuesday. The company has a market cap of £27.32 billion, a price-to-earnings ratio of 41.47, a PEG ratio of 0.40 and a beta of 1.20. The company has a debt-to-equity ratio of 24.44, a current ratio of 1.86 and a quick ratio of 0.67. The firm has a fifty day moving average price of GBX 706.98 and a 200-day moving average price of GBX 668.08. Prudential has a 1 year low of GBX 594.80 ($7.69) and a 1 year high of GBX 850.68 ($10.99).

Wall Street Analyst Weigh In

A number of equities research analysts have commented on PRU shares. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 950 ($12.28) target price on shares of Prudential in a research note on Thursday, March 20th. Bank of America reissued a “buy” rating and set a GBX 1,000 ($12.92) price target on shares of Prudential in a report on Thursday, March 20th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Prudential has an average rating of “Buy” and an average price target of GBX 1,188 ($15.35).

View Our Latest Report on PRU

Prudential Company Profile

(Get Free Report)

Prudential plc provides life and health insurance and asset management in 24 markets across Asia and Africa. Prudential’s mission is to be the most trusted partner and protector for this generation and generations to come, by providing simple and accessible financial and health solutions. The business has dual primary listings on the Stock Exchange of Hong Kong (2378) and the London Stock Exchange (PRU).

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Dividend History for Prudential (LON:PRU)

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