Prudential Financial (NYSE:PRU) is making a prudent move, as far as its shareholders are concerned, by maintaining its quarterly dividend. The company will distribute $0.40 per share of its common stock, to be paid on June 20 to shareholders of record as of May 29. This matches the firm's preceding -- and only other -- quarterly payout, which was dispensed in March.
Previous to that, the company handed out an annual dividend. The last of these was a $1.60 distribution in December 2012.
As with that once-a-year rate, the current dividend annualizes to $1.60 per share. That yields 2.4% at Prudential Financial's most recent closing stock price of $66.60.
Fool contributor Eric Volkman and The Motley Fool have no position in Prudential Financial. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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