Equitable Holdings, Inc. to Issue Quarterly Dividend of $0.30 (NYSE:EQH)

Equitable Holdings, Inc. (NYSE:EQH) declared a quarterly dividend on Wednesday, July 22nd. Investors of record on Monday, August 3rd will be paid a dividend of 0.30 per share on Monday, August 10th. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, August 3rd.

Equitable has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Equitable has a dividend payout ratio of 14.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Equitable to earn $8.77 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 13.7%.

Equitable Stock Performance

NYSE EQH opened at $48.83 on Thursday. The company has a debt-to-equity ratio of 8.75, a current ratio of 0.11 and a quick ratio of 0.11. Equitable has a 1-year low of $35.19 and a 1-year high of $55.24. The business’s 50-day simple moving average is $44.29 and its 200-day simple moving average is $42.93. The firm has a market capitalization of $13.33 billion, a P/E ratio of -17.19, a P/E/G ratio of 0.48 and a beta of 1.10.

Equitable (NYSE:EQH) last released its quarterly earnings data on Monday, May 4th. The company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.02. Equitable had a negative net margin of 7.26% and a positive return on equity of 232.29%. The company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $3.95 billion. During the same quarter in the prior year, the business earned $1.35 earnings per share. The business’s quarterly revenue was down 7.6% compared to the same quarter last year. Equities analysts predict that Equitable will post 7.13 EPS for the current year.

Equitable Company Profile

Equitable Holdings, Inc (NYSE: EQH) is a leading provider of life insurance, annuities and retirement plan services in the United States. Through its insurance subsidiary, AXA Equitable Life Insurance Company, the firm offers a broad range of permanent and term life insurance products designed to help individuals and families manage risk and build wealth. In addition, Equitable provides fixed, variable and indexed annuity solutions to support income planning in retirement, as well as a suite of group retirement and pension plan services for employers and plan sponsors.

The company also maintains an asset management arm that delivers investment strategies across equities, fixed income and alternative asset classes for both retail and institutional clients.