All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a me ...

NEWARK, N.J.--(BUSINESS WIRE)--PGIM Investments is honored to receive several 2024 LSEG Lipper Fund Awards recognizing the firm for investment excellence, including the U.S. Group Award for Mixed Assets (Firm Size: Large) over three years, and four fund awards across multiple asset classes. The U.S. Group Award for Mixed Assets is attributed to strong performance from the PGIM Target Date Funds, along with Balanced, Income Builder and Real Asset Funds. For more than three decades, the Lipper awards have ...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Long-Term Issue Credit Rating of “bbb” (Good) to the $1 billion, 6.5% fixed to fixed reset rate junior subordinated notes, due March 15, 2054, of Prudential Financial, Inc. (Prudential) (Newark, NJ) [NYSE: PRU]. The outlook assigned to this Credit Rating (rating) is stable. All other ratings of Prudential and its subsidiaries remain unchanged. The proceeds from this debt issuance are expected to be used for general corporate purposes, which may include ...

Prudential Financial, Inc. (PRU) is well-poised to gain on the back of growing pension risk transfer (PRT) market, higher emerging markets earnings, expanding distribution, product offerings, improved spread income, strategic acquisitions and a solid financial position.Zacks Rank & Price PerformancePrudential Financial currently carries a Zacks Rank #3 (Hold). Over the past year, the stock has risen 33.6% compared with the industry’s growth of 21.5%.Image Source: Zacks Investment ResearchReturn on Equity (R ...

Prudential Financial Inc. (PRU) recently announced that it has been selected for a pension risk transfer (PRT) transaction from Verizon Communications Inc., along with Reinsurance Group of America, Incorporated (RGA) . Under this agreement, the companies will settle $5.9 billion of pension liabilities and secure 56,000 Verizon retirees and their beneficiaries who started their benefits prior to Jan 1, 2023.This move bodes well for Prudential’s Retirement Strategies business, whose market is expected to grow ...

NEWARK, N.J.--(BUSINESS WIRE)--Prudential Financial, Inc. (NYSE: PRU) and Reinsurance Group of America, Incorporated (NYSE: RGA) have been selected in a pension risk transfer involving Verizon Communications Inc. The transaction will settle approximately $5.9 billion of Verizon pension liabilities and will provide retirement security for a population that includes 56,000 Verizon retirees and their beneficiaries who commenced their benefits before Jan. 1, 2023. Prudential and RGA will each irrevocably gua ...

Company Overview - Prudential (PRU) is headquartered in Newark and operates in the Finance sector [2] - The stock has experienced a price change of 5.03% since the beginning of the year [2] Dividend Information - Prudential currently pays a dividend of $1.3 per share, resulting in a dividend yield of 4.77%, which is significantly higher than the Insurance - Multi line industry's yield of 2.02% and the S&P 500's yield of 1.57% [2] - The company's annualized dividend of $5.20 has increased by 4% from the previous year [2] - Prudential has raised its dividend five times over the last five years, averaging an annual increase of 5.27% [2] - The current payout ratio is 43%, indicating that Prudential pays out 43% of its trailing 12-month EPS as dividends [2] Earnings Growth - The Zacks Consensus Estimate for Prudential's earnings in 2024 is $13.48 per share, reflecting an expected increase of 16.01% from the previous year [3] Investment Considerations - Dividends are favored by investors for various reasons, including improving stock investing profits and providing tax advantages [4] - High-yielding stocks may face challenges during periods of rising interest rates, but Prudential is considered a compelling investment opportunity due to its strong dividend profile [4] - Prudential currently holds a Zacks Rank of 3 (Hold) [4]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________ FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER 001-16707 ____________________________________________ Prudential Financial, Inc. (Exac ...

Company Overview - Prudential (PRU) is headquartered in Newark and operates in the Finance sector [2] - The stock has experienced a price change of 3.44% since the beginning of the year [2] Dividend Information - Prudential currently pays a dividend of $2.55 per share, resulting in a dividend yield of 4.85% [2] - The Insurance - Multi line industry's average yield is 2.08%, while the S&P 500's yield is 1.62% [2] - The annualized dividend of $5.20 has increased by 4% from the previous year [2] - Prudential has raised its dividend 5 times over the last 5 years, with an average annual increase of 5.27% [2] - The current payout ratio is 43%, indicating that Prudential paid out 43% of its trailing 12-month EPS as dividends [2] Earnings Growth - For the fiscal year 2024, the Zacks Consensus Estimate for Prudential's earnings is $13.45 per share, reflecting a year-over-year growth rate of 15.75% [3] Investment Considerations - Dividends are favored by investors for various reasons, including improving stock investing profits and providing tax advantages [4] - High-growth firms or tech start-ups typically do not offer dividends, while established companies are often seen as better dividend options [4] - Prudential is considered a compelling investment opportunity due to its strong dividend profile and current Zacks Rank of 3 (Hold) [4]

Core Viewpoint - Prudential Financial, Inc. will redeem all of its $500 million outstanding 5.20% Fixed-to-Floating Rate Junior Subordinated Notes due 2044 on March 15, 2024, at a redemption price of 100% of the principal amount plus accrued interest [1] Group 1 - The total principal amount of the Notes being redeemed is $500 million [1] - The redemption will occur on March 15, 2024, at a price equal to 100% of the principal amount [1] - A notice of redemption is being sent to all registered holders of the Notes by The Bank of New York Mellon [1] Group 2 - Prudential Financial, Inc. is a global financial services leader with approximately $1.4 trillion in assets under management as of December 31, 2023 [3] - The company operates in the United States, Asia, Europe, and Latin America [3] - Prudential has a history of nearly 150 years, symbolized by its iconic Rock symbol representing strength, stability, expertise, and innovation [3]