Prudential (PRU) Could Be a Great Choice

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]