Prudential Financial 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.
The article Prudential Financial Declares Fresh Dividend originally appeared on Fool.com.
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