Wednesday, February 12, 2025

Dividend Increase - Prudential Financial, Inc. (PRU)

 



On Tuesday, February 4th the Board of Directors of Prudential Financial, Inc. (PRU) announced a quarterly dividend increase of from $1.30 to $1.35 per share that’s payable March 13, 2025 to holders of record February 18, 2024. TThis represents an increase of 3.85% over the prior year dividend level, the 17th consecutive year the dividend has been increased.


At the current price of $111.64 (yesterday's close), this increase will raise Prudential Financial's dividend yield to 4.84%.



Prudential Financial is a Dividend Contenders with a 17 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 4.0, 4.2, 5.4 and 9.1 (Dividend Champions.xls)




As an owner of 85 shares of PRU, the recent dividend increase adds $12.67 to my projected annual net dividend income.


The increase followed the trend of recent years, so it was in line with my expectations.


This recent dividend increase marks the fifth consecutive raise I’ve received from Prudential since I acquired my first shares in August 2020. Over this time, the quarterly dividend has grown morerately from $1.10 to $1.35 per share, representing a 22.7% increase.


Following this increase, my yield on cost is 7.62%.



Summary of 2025 Dividend Increases / Cuts



Click here to see my portfolio holdings.


You can follow the development of my dividends here.


Full Disclosure: Long PRU


Thanks for stopping by!


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