Principal Financial Group, Inc. Declares Quarterly Dividend of $0.80 (NASDAQ:PFG)

Principal Financial Group, Inc. (NASDAQ:PFG) declared a quarterly dividend on Friday, February 6th. Investors of record on Wednesday, March 11th will be paid a dividend of 0.80 per share on Friday, March 27th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Wednesday, March 11th.

Principal Financial Group has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 2 years. Principal Financial Group has a dividend payout ratio of 35.5% meaning its dividend is sufficiently covered by earnings.

Principal Financial Group Stock Down 1.3%

Shares of Principal Financial Group stock opened at $92.26 on Monday. The stock’s fifty day moving average is $92.39 and its 200-day moving average is $86.49. The firm has a market capitalization of $20.01 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 0.86 and a beta of 0.87. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.33. Principal Financial Group has a 12-month low of $68.39 and a 12-month high of $97.88.

Principal Financial Group (NASDAQ:PFG) last released its quarterly earnings results on Wednesday, February 18th. The company reported $2.20 earnings per share for the quarter. The business had revenue of $4.58 billion during the quarter. Principal Financial Group had a return on equity of 16.09% and a net margin of 7.58%.

About Principal Financial Group

Principal Financial Group (NASDAQ: PFG) is a global financial services company headquartered in Des Moines, Iowa, that provides a range of retirement, investment and insurance solutions to individuals, employers and institutional clients. The firm’s business is organized around retirement services, asset management, and insurance products designed to help clients plan, invest for, and protect income over the long term.

Principal’s product and service offerings include retirement plan recordkeeping and administration for employer-sponsored plans, individual and group retirement annuities, life and disability insurance, employee benefits solutions, and wealth management services.