Equitable Holdings, Inc. (NYSE:EQH) Shareholders to Receive $0.30 Quarterly Dividend

Equitable Holdings, Inc. (NYSE:EQH) declared a quarterly dividend on Tuesday, November 10th. Investors of record on Monday, November 23rd will be given a dividend of $0.30 per share on Monday, November 30th. This represents a $1.20 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Monday, November 23rd.

Equitable has increased its dividend by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Equitable has a payout ratio of 14.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Equitable to earn $8.84 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 13.6%.

Equitable Trading Down 0.8%

NYSE:EQH traded down $0.42 on Wednesday, hitting $55.10. 197,136 shares of the stock were exchanged, compared to its average volume of 3,428,481. The company has a debt-to-equity ratio of 8.75, a quick ratio of 0.15 and a current ratio of 0.15. Equitable has a 52 week low of $35.19 and a 52 week high of $56.83. The stock has a market capitalization of $14.70 billion, a price-to-earnings ratio of 10.56, a P/E/G ratio of 0.54 and a beta of 1.06. The company’s 50-day moving average price is $53.39 and its 200 day moving average price is $46.19.

Equitable (NYSE:EQH) last issued its quarterly earnings results on Monday, November 2nd. The company reported $2.13 EPS for the quarter, topping the consensus estimate of $1.86 by $0.27. Equitable had a net margin of 11.53% and a negative return on equity of 3,089.96%. The company had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter in the previous year, the company earned $1.48 EPS. Equitable’s revenue was up 167.7% on a year-over-year basis. On average, equities research analysts forecast that Equitable will post 7.20 earnings per share for the current year.

Equitable Company Profile

Equitable Holdings, Inc. is a financial services company focused on retirement, protection and wealth management. Through its Equitable business, it offers products and services including life insurance, annuities, employee benefits and retirement planning solutions to individuals, employers and institutions. The company also has a majority ownership interest in AllianceBernstein, an investment management and research firm that serves institutional and individual clients. AllianceBernstein operates internationally, while Equitable’s insurance and retirement businesses primarily serve customers in the United States.