Prudential Financial maintains composure within $79.66 to $80.64 range

Published: May 26 2023, 22:56 GMT+0

Prudential Financial maintains composure within $79.66 to $80.64 range

A quick look at today: a quiet day for Prudential Financial Inc as it remained range-bound within a $79.66 – $80.64 range before closing at $80.14.

  • Today's trading volume was 1.38 million shares which is under the 21-day average of 2.28 million.
  • Prudential Financial's board sets quarterly dividend of $1.25 per share to be paid on Thursday, June 15th; annual dividend yield esimated at 6.24%.

With only 3 days remaining until market open, today's session was noteworthy in that S&P 500 went up to 4,205.45, making a 1.3% change. Prudential Financial was flat today, while the Financial Services sector was up 0.157%.

The mammoth insurance company has shed 19.15% over the past three months. So far this year, it has been doing worse than the S&P by 28.37%. The company's market cap currently stands at $29.25 billion with an average daily trading volume of 2.28 million shares. Prudential Financial is forecasted to generate revenues of $12.99 billion and EPS of $2.66.

Prudential Financial disclosed a quarterly dividend of $1.25 per share on Tuesday, May 9th — to be paid on Thursday, June 15th to all shareholders of record up until Tuesday, May 23rd. The company's decision delivers Prudential Financial shareholders with an annual dividend yield of 6.24%.

Meanwhile, mixed performances were seen by other financials stocks as American Express traded at $157.24 after closing today's trading day at $151.08 (up 4.08%). Goldman Sachs was up 2.51%. The Blackstone Group Inc. was up 2.6%.

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