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

Prudential plc (LON:PRU) announced a dividend on Thursday, March 20th, DividendData.Co.Uk reports. Investors 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 dividend 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 viewed at this link.

Prudential Trading Down 0.1 %

Shares of LON:PRU opened at GBX 796 ($10.32) on Friday. The business’s 50-day moving average is GBX 698.63 and its 200 day moving average is GBX 666.24. Prudential has a 1 year low of GBX 594.80 ($7.71) and a 1 year high of GBX 850.68 ($11.03). The firm has a market capitalization of £26.19 billion, a P/E ratio of 39.76, a P/E/G 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.

Wall Street Analysts Forecast Growth

PRU has been the topic of several research reports. Bank of America restated a “buy” rating and issued a GBX 1,000 ($12.97) target price on shares of Prudential in a research report on Thursday. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 950 ($12.32) price target on shares of Prudential in a report on Thursday. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 1,188 ($15.40).

About Prudential

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).