Prudential Financial hikes dividend by 4.3%

Prudential Financial (PRU) will raise its quarterly dividend by 4.3 percent to $1.20 per share in 2022. This follows a dividend hike of 4.5 percent to $1.15 per share by PRU in 2021 and also marks 14 consecutive years of dividend increases by the financial services company.

The new quarterly PRU dividend of $1.20 per share of common stock is payable on March 11, 2022, to shareholders of record as of February 15, 2022. A new annualized dividend rate of $4.80 per share yields 4.6% at a stock price of $104 for Prudential Financial. The next ex-dividend date for PRU will be May 23, 2022.

Prudential Financial, Inc. is a financial services company with operations in the United States, Asia, Europe, and Latin America. Its products include life insurance, annuities, retirement-related services, mutual funds and investment management. The U.S. Retirement Solutions and Investment Management division consists of Individual Annuities, Retirement and Asset Management segments. The U.S. Individual Life and Group Insurance division consists of Individual Life and Group Insurance segments. The International Insurance division consists of International Insurance segment. The Closed Block division consists of Closed Block segment. Prudential Financial became a public company in 2001 and has been paying a dividend to shareholders every year since 2002.